Visa, the global leader in digital payments, has announced a key partnership with First Abu Dhabi Bank, the largest bank in the UAE, to extend the Visa B2B Connect network in the region.

The collaboration is set to enhance corporate cross-border payments, allowing businesses in the UAE to perform secure and efficient global transactions.

The agreement was signed by Sanjay Sethi, Head of Global Transaction Banking at FAB, with Sara Al Binali, Group Head of Corporate and Commercial Banking at FAB, and Shahebaz Khan, Senior Vice President, Head of Commercial & Money Movement Solutions for Visa B2B Connect, CEMEA, in attendance. This partnership marks a strategic milestone for both companies, demonstrating their shared commitment to financial sector innovation and excellence.

Visa B2B Connect is a non-card-based multilateral platform aimed at providing secure, cost-effective, and predictable cross-border payments for financial institutions and their corporate clients. The platform enhances international transactions by minimizing intermediaries, boosting efficiency, and ensuring transparency.

By leveraging Visa’s advanced technology, FAB aims to improve its payment offerings and solidify its position as a leading transaction banking service provider in the region. FAB's extensive market reach and financial expertise, combined with the Visa B2B Connect network, will enable superior payment solutions for corporate clients throughout the region.

The partnership highlights the importance of collaboration in supporting global connectivity for FAB and Visa, utilizing their combined capabilities to offer innovative client solutions. With a global footprint spanning 20 markets, FAB offers clients a wide array of cutting-edge products that facilitate regional and international trade. The partnership aims to enhance customer experience and accelerate digital transformation, supporting the UAE’s integration into global business networks.

“We are excited to welcome FAB to the Visa B2B Connect network,” said Vishal Virmani, Head of Visa B2B Connect CEMEA at Visa. “This partnership represents a significant step forward in our mission to provide seamless, secure, and efficient payment solutions for businesses. FAB’s market leadership and extensive network will be instrumental in driving the adoption of our platform across the UAE.”