DUBAI: Zain FinTech, the financial services arm of Zain Group, a leading telecom group in the Middle East and Africa, has signed a deal with Al Ansari Financial Services, a UAE-based financial services group. The deal aims to use technology to improve financial services for their customers across the region.

The deal was signed by Zain Vice-Chairman and Group CEO Bader Al Kharafi and Al Ansari Board Member and Group CEO Rashed A. Al Ansari. They said that the deal will help them drive innovation and provide the latest technology-driven solutions.

The deal will focus on remittance services, enabling customers to transfer money conveniently and securely. The deal will also leverage Zain FinTech’s B2B SAAS solution provider ‘FOO’, which specializes in fintech solutions for diverse industries.