CoorB, a MENA-based financial and payments acceleration company, and Torus, a SaaS payments profitability intelligence platform, today announced the expansion of their strategic partnership to bring transaction-level payments profitability intelligence to financial insitutions across MENA.
Through the partnership, CoorB will bring Torus’s payments profitability intelligence platform to financial institutions across MENA, combining Torus’s technology with CoorB’s regional market expertise, implementation capabilities and payments advisory experience.
The expanded partnership builds on early engagements with financial institutions in the region and reflects growing demand for greater transparency into payment costs, revenues and transaction-level profitability.
“Banks across MENA are under increasing pressure to improve the economics of their payments businesses. Torus gives our clients the visibility to understand where costs and revenues sit at transaction level, while CoorB brings the regional payments expertise and delivery capabilities needed to turn that insight into action.”— Ahmed Gaber, Group CEO, CoorB
V“Payments profitability is increasingly becoming a strategic priority for issuers and acquirers, yet many institutions still lack a granular view of how scheme fees, interchange and other payment costs impact transaction economics. CoorB gives us the regional expertise and reach to bring this visibility to financial institutions across MENA.” — Kirill Lisitsyn, Co-Founder & CEO, Torus
Further engagements with banks, issuers and acquirers across MENA are expected to be announced in the coming months as CoorB and Torus continue their work across the region.
About CoorB
CoorB is a financial and payments acceleration partner helping banks, fintechs, payment and wallet providers, and financial-services businesses launch, modernize and scale financial products. Built for MENA, CoorB combines modular technology, deep banking and payments expertise, and end-to-end delivery capabilities.
About Torus
Torus is a SaaS payments profitability intelligence platform for banks and fintechs, with more than 2 billion card transactions processed annually. It provides issuers and acquirers with a single source of truth for card transaction economics, enabling them to analyse scheme fees, interchange and transaction-level profitability, reconcile payment costs and revenues, and identify opportunities to improve margins.
