Launching a joint financial technology between Wish Money and Visa to combat digital fraud

In a step aimed at improving the security of digital financial transactions in Lebanon, the leading financial technology company “Whish Money” announced a strategic cooperation with “Visa”, to adopt the “Featurespace” solution supported by artificial intelligence technologies, in order to monitor and respond to fraud and deception operations in real time across various payment channels.

The company explained in a statement issued today, Thursday, November 12, 2026, that the new system combines transaction data and behavioral patterns, providing advanced capabilities for risk assessment and immediate decision-making that contributes to monitoring unusual behaviors and suspicious transactions with high accuracy.

This announcement comes as the value of annual payments through the “Whish Money” platform exceeds $40 billion, as the company confirmed that it will deploy the new technology to all its payment services to provide an additional layer of security to customers, merchants and partners.

In this context, the CEO of “Whish Money,” Jad Koussa, stressed that the continued expansion of the company’s business requires keeping up with the latest technological innovations to meet customers’ aspirations, explaining by saying: “Thanks to Featurespace’s solutions, we will be able to monitor suspicious transactions with high accuracy, so that our customers can send money, pay, and receive with complete confidence and reassurance.”

For his part, Walter Lironi, head of value-added services in the Central and Eastern Europe, Middle East and Africa region at Visa, stressed the importance of adopting a comprehensive approach to combating fraud that goes beyond monitoring individual transactions, noting that the innovative solution combines behavior analysis, risk assessment, and Visa’s security network to help partners make more accurate and effective decisions.

It is noteworthy that “Whish Money” is a prominent name in the financial technology sector, and has regional and global offices in Beirut, Washington, Montreal, London, and Dubai, and serves more than 2.5 million users through its wide portfolio of payment solutions, transfers, and “Visa” cards. On the other hand, “Visa” (listed on the New York Stock Exchange under the symbol V) is a global giant in digital payments, and is active in facilitating transactions in more than 200 countries and regions with the aim of connecting the world through a secure and innovative network that supports the growth of comprehensive economies.