This collaboration aims to provide innovative payment solutions for both businesses and individual consumers across the United States.

The prepaid card, supported by Visa’s global network, allows users to make payments wherever Visa is accepted, offering enhanced convenience and security.

Features of the program include instant issuance, enabling users to receive virtual or physical prepaid cards immediately. The cards also support transactions in multiple currencies, making them suitable for both domestic and international use.

Michael Carbonara, CEO of Ibanera, shared, “We are excited to work with FIS to bring this robust prepaid solution to market. This collaboration is a significant step in our mission to provide innovative, secure, and accessible financial solutions. Whether it’s managing business expenses or day-to-day personal spending, our prepaid cards deliver a seamless payment experience tailored to the needs of today’s consumers and businesses.”

With FIS’s extensive experience in the prepaid industry, having processed over 21.1 billion U.S. card and money movement transactions, this partnership ensures a high-quality solution that meets the demands of the market.

The prepaid card program provides various use cases, including payroll, travel expenses, government payments, and more. It also provides businesses with branding opportunities, allowing them to customize prepaid cards with their logos.

In addition to traditional plastic cards, the program includes tokenized cards that are compatible with major digital wallets, enabling users to make secure mobile payments. Ibanera’s comprehensive online portal also allows users to monitor and manage transactions in real-time, giving them better control over their finances.

The Ibanera prepaid card program is available to U.S. residents and businesses, offering a range of funding options, including Fedwire, ACH Direct Deposit, FedNow, P2C, and Visa ReadyLink, providing users with versatile ways to load their cards.

This opportunity will enable Ibanera to leverage Visa’s card issuing capabilities to support its clientele’s banking and finance needs.

Ibanera’s integration with Visa’s payment network will enhance accessibility to domestic and cross-border payments for businesses and their customers.

The collaboration provides Ibanera with the scalability to grow its fintech enablement services to meet growing customer demand.

Michael Carbonara, CEO of Ibanera, emphasized the significance of this collaboration for the growth of the payment ecosystem: “Navigating the complexities of regulation and payments can be challenging. This is why we are excited about our strong collaboration with Visa, which will drive innovation and provide simplified solutions as we focus on the digital and creator economies.”

Ibanera’s collaboration with Visa provides an ecosystem not only for global payments but also leverages Visa’s advanced security and fraud protection systems, such as Visa’s zero liability policy for unauthorized transactions, giving cardholders peace of mind through trust in the cards utilized.

Visa Senior Vice President of Digital Partnerships, James Schinella says, “Our alliance with Ibanera underscores our shared commitment to enhancing the payments ecosystem. Our joint efforts will provide advanced security and fraud protection, ensuring peace of mind for cardholders.”

This partnership will enable Ibanera to expand into the Middle East, where it will leverage RAK DAO’s unique ecosystem to enhance its reach in the region’s growing digital asset market. 

As a newly licensed ecosystem partner, Ibanera will access a wide network of Web3 resources, funding opportunities, and blockchain tools to support its growth and innovation in digital banking and Web3 technologies.

Dr. Sameer Al Ansari, CEO of RAK DAO, emphasised the strategic importance of this partnership. “RAK DAO’s vision is to be the free zone of the future for the companies of the future. Ibanera’s entrance into the region aligns perfectly with our goal of fostering future-driven innovation and next-generation banking technologies.

“This collaboration not only positions Ibanera as a key player in this dynamic region but also strengthens RAK DAO’s ecosystem by introducing cutting-edge financial services and solutions.”

Also commenting, Michael Carbonara, CEO of Ibanera said, “We are thrilled to join RAK DAO’s network of future innovation. The business-friendly infrastructure and progressive policies in Ras Al Khaimah make it an ideal location for global business growth.”

Through RAK DAO’s ecosystem of Web3 partners, Ibanera aims to expand its PORTL API and other key solutions, stimulating creativity and innovation. 

RAK DAO’s straightforward legislation and seamless onboarding process will further support Ibanera’s mission to provide cutting-edge services to companies, from startups to enterprise operators.

The all-in-one innovative financial service platforms owned by Ibanera will offer RAK DAO and its ecosystem of Web3 businesses a convenient, seamless, and user-friendly experience, ranging from NFT Tokenisation-as-a-Service to digital asset purchases and next-generation banking solutions. 

The collaboration aims to tackle the unique financial challenges faced by technology companies.

Combining DMALINK’s renowned FX trading capabilities with Ibanera’s robust cross-border payment solutions, the joint offering is tailored to meet the needs of tech firms, providing them with a comprehensive financial toolkit to navigate the international market effectively.

“We are excited to partner with Ibanera to address the specific financial needs of high-growth technology companies,” said Manu Choudhary, CEO of DMALINK. 

“By integrating our FX expertise with Ibanera’s superior cross-border payment solutions, we aim to empower tech startups to thrive in the global market.”

Ibanera specializes in the financial and wealth management needs of technology businesses and entrepreneurs, offering a wide range of financial services across multiple continents.

Licensed in the United States, Canada, Europe, and Singapore, Ibanera provides a global platform for entrepreneurs to manage local banking services with international reach.

By leveraging Ibanera’s extensive cross-border payment network, DMALINK can now deliver cost-effective and efficient FX solutions to fast-growing tech companies for their international transactions.

Michael Carbonara, CEO of Ibanera, expressed his enthusiasm, stating, “Our partnership with DMALINK focuses on delivering customized financial solutions that simplify payments and support our clients’ digital growth. By leveraging our combined offerings, we can equip tech startups with essential tools for seamless global expansion.”

DMALINK’s sophisticated FX trading platform perfectly complements Ibanera’s cross-border payment expertise.

This partnership creates a holistic solution for tech firms, facilitating smooth cross-border transactions and efficient FX trading, allowing them to concentrate on core business growth while navigating the global market.

This alliance goes beyond a combination of services, it is a shared focus on digital innovation and market disruption.

DMALINK’s state-of-the-art execution platform will be introduced to Ibanera’s clientele, enhancing transparency, efficiency, and accessibility in electronic FX trading.

Additionally, DMALINK and Ibanera are collaboratively developing new products and services tailored to the evolving needs of tech firms. This shared vision includes the realm of digital assets, ensuring clients have access to cutting-edge solutions that keep pace with the dynamic financial landscape.

Together, the company aims to create more open, transparent, and accessible financial markets for all participants.