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omnispay partners with Geidea

There has been a lot of innovation & digitization in the consumer payments space. However, the same is not true for B2B payments. As per research by Sapphire Ventures, the cards and digital penetration in B2B payments globally is less than 2%. The corresponding figure for the MEA region is even lower. Geidea & omnispay aim to tap into that opportunity, first in the UAE (500K SMEs with an addressable market of $600 Bn.+) and then other GCC & African markets through this strategic partnership.

The opportunity sits at the cross-section of 3 growth pillars – Payments, SMEs & MEA Region. Geidea & omnispay are well poised to leverage their strengths through this partnership to benefit the SMEs at scale.

Omnispay Editorial
Omnispay Editorial
Curates stories related to payments, startups and small businesses