Mastercard and First Abu Dhabi Bank (FAB), the UAE’s largest bank, have unveiled a groundbreaking long-term global partnership, solidifying their extensive collaboration in Eastern Europe, Middle East, and Africa (EMEA) region. The landmark agreement, spanning the UAE, Saudi Arabia, Oman, and Egypt, signals a strategic alliance aimed at propelling the digital payments landscape forward in...
Uber has unveiled a groundbreaking partnership with Mastercard and Payfare to introduce the Uber Pro Card, offering drivers and delivery people on the Uber platform in Canada access to free instant payouts after every trip or delivery and an array of enhanced loyalty features. Powered by Payfare’s advanced digital banking app and platform, the Uber...
Mastercard has unveiled Smart Subscriptions, a groundbreaking subscription management solution powered by open banking technology, designed to seamlessly integrate into consumer banking applications. This innovative solution offers enhanced transparency into financial wellness, empowering consumers to manage their recurring subscriptions effortlessly while providing financial institutions with tools to drive loyalty and engagement. Smart Subscriptions go beyond...
IndusInd Bank has unveiled ‘Indus PayWear,’ a groundbreaking range of contactless payments wearables, marking a significant leap in the realm of digital transactions in India. Exclusively powered by Mastercard, ‘Indus PayWear’ offers users the convenience of tokenizing their debit and credit cards onto chip-enabled wearable devices, revolutionizing the payment experience. With ‘Indus PayWear,’ customers can...
In a significant post-pandemic development, Ant Group’s Alipay reveals a substantial rebound in consumer spending during the latest Chinese New Year (CNY) travel season. The surge is notably prominent in cross-border tourism, facilitated by Alipay’s cross-border mobile payment technology solutions. This technology allows Chinese travellers to make transactions at over 8 million merchants across 70...
Al Baraka Bank, in its unwavering commitment to advancing digital payments, has officially partnered with Mastercard, a global leader in digital payments technology. The collaboration aims to introduce a range of premium consumer, commercial, and SME products in Egypt, marking a strategic move towards addressing the evolving needs of individuals in the digital payment sphere...
Awash Bank S.C., the first and the leading private financial institution in Ethiopia, has partnered with Mastercard, a leading global technology company in the payments industry, to introduce the Awash pre-paid cards. The Mastercard-branded international prepaid plastic card was launched during a press conference at Awash Bank’s Headquarters. This collaboration marks a significant milestone in...
Mastercard and Dubai International Financial Centre (DIFC) Innovation Hub, the largest financial innovation ecosystem in the region with more than 700 innovation and tech firms, jointly hosted a leadership forum that delved into the key factors required for businesses to drive sustainable growth. Centered around the ‘Innovating a Sustainable Tomorrow’ theme, industry experts unpacked how...
Mastercard and the Uganda Ministry of ICT & National Guidance have signed a Memorandum of Understanding (MoU) to accelerate digital transformation across the country. This collaboration marks a significant milestone in the implementation of the ‘Digital Uganda Vision’, aimed at driving socio-economic development, enhancing services, and driving financial inclusion. The signing of the MoU took place...
KCB Bank Kenya and Mastercard have entered a 5-year strategic collaboration framework aimed at providing enhanced value propositions to cardholders across the East African region. This collaboration will see the rollout of payment solutions in Kenya, Rwanda, Burundi, South Sudan, Tanzania, and Uganda. Customers can expect exclusive benefits, including a wide spectrum of Mastercard payment...