The UAE-based smart payment platform Zink Pay has entered into a partnership with Codebase Technologies, a leading global Open API Banking solutions provider, to deliver innovative and intuitive direct debit and alternative payment experiences across the customer base.
The new partnership leverages the strengths of both companies to create value for customers. Zink Pay seeks to simplify how billers reconcile their balances while allowing payers more flexibility over how they make payments.
The digitalization measures of Codebase Technologies provided Zink Pay the necessary flexibility, scalability, and innovation to ensure its concept could operate seamlessly, and transform the recurring payments landscape in the UAE.
“We selected Codebase Technologies as our strategic technology partner because of its cutting-edge technologies. The value it adds to payments initiatives ensures we can effectively disrupt the market. This partnership will allow us to evolve the UAE’s payments landscape, providing more flexibility for payers, and greater assurance for billers.”
The partnership brings together deep skills in payments, product ideation, and technology development and deployment, to help Zink Pay customers with the payment and receipt of their recurring payments, invoices, and subscriptions.
Codebase Technologies’ flexible Digibanc platform supports Zink Pay’s technological ambitions by enabling fast go-to-market capabilities at scale while remaining cost-effective and efficient. Robust workflows and inbuilt business validations ensure the Digibanc platform addresses Zink Pay’s technology roadmap, offering the perfect sustainable disruptive innovation.
Commenting on the partnership, Raheel Iqbal, Managing Partner & Global Product Head at Codebase Technologies, said “Our technology is multi-tenant capable, allowing us to expand Zink Pay’s model across the global recurring bill payments ecosystem within any country or region. As the Zink Pay platform gains traction, Codebase Technologies will continue to contribute and support its roadmap with plans to drive innovative disruptions in any market it targets.”