Key Giveaways:
- Faster Digital Payments: Mastercard and Network International collaborate to enable fast and efficient digital payment solutions in the UAE.
- E-Wallet Growth: The partnership addresses the growing demand for digital wallets in the UAE, with two-thirds of consumers now using them for purchases.
- Mastercard Move Integration: Network International will leverage Mastercard Move to enable direct top-up of digital wallets from Mastercard cards, enhancing convenience and security.
Dubai, UAE – Mastercard and Network International, a leading enabler of digital commerce in the Middle East and Africa, have announced a partnership to enhance digital payment solutions in the UAE. This collaboration aims to provide faster, more efficient, and secure digital payment options for consumers and businesses.
The partnership comes at a time when the use of digital wallets in the UAE is rapidly increasing. According to recent data, 67% of UAE consumers now utilize e-wallets for their purchases. To address this growing demand, Network International will leverage Mastercard Move, a comprehensive portfolio of money movement solutions, to enable its customers to top up digital wallets, accounts, and prepaid cards directly from their Mastercard cards.
“Building on our successful long-term partnership with Network International, we are delighted to join forces on one of the largest launches of Mastercard Move in the region,” said Amnah Ajmal, Executive Vice President, Market Development, EEMEA, Mastercard.
This partnership aims to accelerate the adoption of innovative digital payment methods by leveraging advanced technology. It aligns with Network International’s commitment to providing secure and efficient payment solutions that meet the evolving needs of the digital economy.
“Our partnership with Mastercard aims to accelerate the adoption of innovative digital payment methods through advanced technology,” said Nandan Mer, Group Chief Executive Officer, Network International.
Mastercard and Network International have a long-standing strategic partnership focused on growing acceptance, digital payments, and merchant collaborations across the Middle East and Africa. They have previously collaborated on various initiatives, including digital and low-cost acceptance solutions, AI-powered fraud prevention, and products for the commercial, fintech, and banking sectors.
Mastercard Move provides a wide range of money movement capabilities, including person-to-person payments, business payments, and disbursements. Its extensive reach spans 180 countries and over 150 currencies, providing access to over 95% of the world’s banked population.
This partnership reinforces the commitment of both Mastercard and Network International to driving innovation in the UAE’s payment landscape and providing consumers and businesses with secure and convenient digital payment solutions.
