NOW Money and Mastercard Join Forces to Revolutionize Payments in the GCC Region
NOW Money, a UAE-based fintech company, has announced a partnership with global technology firm Mastercard to enhance the payments industry across the GCC region.
According to a press release, this collaboration will enable NOW Money customers to access their finances securely and seamlessly using Mastercard payment cards, allowing them to benefit from the digital economy. The partnership aligns with NOW Money’s mission to provide inclusive financial solutions to underserved communities and improve the financial well-being of its users throughout the GCC.
Nicolas Andine, CEO of NOW Money, commented: “This collaboration is a significant step towards our vision of total financial inclusion, ensuring our customers have the tools they need to participate fully in the digital economy, with a financially connected world supporting and empowering everyone.”
Gina Petersen-Skyrme, Vice President, Country Manager, UAE and Oman at Mastercard, said: “Our collaboration with NOW Money is set to integrate thousands of unbanked individuals into the digital economy, providing them with secure, convenient payment solutions and access to our extensive network of global merchants.”
Key Benefits of the NOW Money Mastercard Partnership:
Global Acceptance: The NOW Money Mastercard payment card can be used worldwide, including online, in store, and at ATMs, providing customers with unprecedented access to their funds wherever they go.
Enhanced Security: Leveraging Mastercard’s advanced security features, such as EMV chip technology and sophisticated fraud detection systems, NOW Money customers can conduct transactions with confidence and security.
Convenient Digital Payments: Integration of the Mastercard with the NOW Money app allows for seamless financial management. Customers can handle payments, transfers, and other financial operations directly from their mobile phones.
Financial Inclusion and Literacy: This partnership underscores NOW Money’s commitment to financial inclusion by providing easy access to banking services. Additionally, Mastercard’s educational resources will be leveraged to improve financial literacy among NOW Money users.
Source: Mastercard
