Mitsumi, an IT and infrastructure distributor operating in the Middle East and Africa (MEA) region, has entered into a strategic partnership with CLOWD9, a cloud-native payment platform. This collaboration aims to enhance banking services within the MEA market.

Collaboration during the Fintech Trade Mission

The partnership was formalized during a fintech trade mission to Nairobi in July 2025, led by the Mayor of London. This event underscored the growing importance of digital payment solutions in the region.

Mitsumi, with its extensive network covering supply chain solutions for IT and telecom products across 19 countries, is looking to strengthen its processing capabilities to support its rapid expansion into new markets. Meanwhile, CLOWD9 aims to provide a robust, scalable platform leveraging the latest cloud-native microservices technologies.

The Digital Payment Landscape in MEA

The fintech digital payment market in the Middle East and Africa (MEA) is experiencing rapid growth. The market size reached USD 363.73 billion in 2023, showing a year-on-year increase of 26.8%. By 2032, it is projected to grow to USD 8.75 trillion with an anticipated compound annual growth rate (CAGR) of 44.7%.

The role of countries like Nigeria and Kenya in the fintech ecosystem has been crucial, as emphasized by the Mayor of London. This growth can be attributed to factors such as demographic shifts, improved connectivity, regulatory reforms, and proactive government initiatives.

Both Mitsumi and CLOWD9 are dedicated to optimizing digital payment options and delivering reliable processing services that support the evolving needs of the MEA market. Their collaboration is not only aimed at addressing current demands but also in preparing for future growth trends.