COINTURK FINANCECOINTURK FINANCECOINTURK FINANCE
  • Investing
  • Technology News
  • Business
  • Fintech
  • Startup
  • About Us
  • Contact
Search
Health
  • About Us
  • Contact
Entertainment
  • Investing
  • Business
  • Fintech
  • Startup
© 2024 BLOCKCHAIN IT. >> COINTURK FINANCE
Powered by LK SOFTWARE
Reading: Mastercard Expands Reach Through UAE Partnership with Zand
Share
Font ResizerAa
COINTURK FINANCECOINTURK FINANCE
Font ResizerAa
Search
  • Investing
  • Technology News
  • Business
  • Fintech
  • Startup
  • About Us
  • Contact
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK FINANCE
Powered by LK SOFTWARE
Track all markets on TradingView
COINTURK FINANCE > Business > Mastercard Expands Reach Through UAE Partnership with Zand
BusinessFintech

Mastercard Expands Reach Through UAE Partnership with Zand

Overview

  • Mastercard partners with Zand to enhance UAE cross-border payments.

  • Partnership enables seamless global financial transactions through Mastercard Move.

  • Initiative aligns with UAE’s evolving digital finance landscape.

COINTURK FINANCE
COINTURK FINANCE 2 months ago
SHARE

The financial landscape in the United Arab Emirates is witnessing further diversification as Mastercard (NYSE:MA) partners with the fintech and financial services entity, Zand. This collaboration seeks to leverage innovative technology to streamline financial transactions, notably cross-border payments, in an increasingly digital world. As financial ecosystems evolve, partnerships such as this highlight a commitment to enhancing economic opportunities for a broader audience by utilizing advanced payment solutions.

Contents
What Does the Partnership Entail?How Will Businesses and Individuals Benefit?

Prior initiatives between Mastercard and other financial players in the UAE, including Checkout.com and Fundbot, have laid a foundation of technological integration aimed at efficient financial transactions. Mastercard Move, known for its global reach and seamless financial operations, complements these ventures by offering various capabilities from peer-to-peer transfers to mobile wallet integrations. The burgeoning fintech sector in the UAE is marked by such strategic alliances that seek to expedite and simplify access to financial services.

What Does the Partnership Entail?

The arrangement harnesses the capabilities of Mastercard Move to facilitate smooth cross-border monetary movements. This means transactions can seamlessly transition between bank accounts and mobile wallets globally, offering comprehensive solutions within the UAE and beyond. Such a mechanism is pivotal, given the UAE’s position as a hub for economic activity in the region.

How Will Businesses and Individuals Benefit?

Businesses and individuals stand to gain significantly from this collaboration as it promotes greater financial inclusion within the UAE, connecting multiple stakeholders to the financial system more effectively. According to Mastercard’s J.K. Khalil, this partnership intends to support regional growth, fostering increased access and economic opportunity.

“Our collaboration with Zand will connect more people and businesses to the financial system, helping drive greater financial inclusion and economic opportunity in the UAE and across the region.”

Given the UAE’s previously documented high smartphone penetration and conducive regulatory environment, fintech ventures like Zand continue to make significant strides. Regulatory initiatives, such as the Open Finance Lab’s association with Zand, emphasize the strategic importance of digital finance in the region’s policy frameworks. Such progress underlines the robust growth trajectory of fintech players in the UAE.

Adaptable financial ecosystems are not just a regional phenomenon but are indicative of global payment trends. As noted by Zand CEO Michael Chan, the opportunity to accelerate applications in payment technology continues to grow.

“The payments ecosystem is rapidly growing and evolving in the region and offers compelling potential to accelerate the applications of AI, blockchain, and payments technology.”

Today’s consumers in the UAE are increasingly engaging in cross-channel shopping, underscoring a trend towards comprehensive digital financial interactions. A PYMTS report indicates that a significant proportion of UAE consumers prefer seamless digital experiences, which aligns closely with the functionality offered by collaborations such as that between Mastercard and Zand.

Strategic collaborations in the UAE reflect a global initiative for inclusive and integrated financial services. Tools like Mastercard Move aim to reduce transactional friction, serve a diverse user base, and facilitate a modern, interconnected economic environment. As digital transactions increasingly dominate, partnerships focusing on cross-border solutions represent an essential evolution within financial services. This cooperation demonstrates a proactive response to consumer demands for more agile and inclusive financial processes.

You can follow our news on Telegram and Twitter (X)
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Trig Secures $6M to Enhance AI-Powered Account Management

Emblematic Secures Funding to Streamline Financial Workflows Using AI

Investors Inject €30M into Leyden Labs to Boost Nasal Spray Development

Real-Time Settlements Drive Secure Trade and Rapid Refunds

Cooll Secures €4.5M to Advance Heat Pump Technology

Share This Article
Facebook Twitter Copy Link Print
Previous Article KULR Investors Brace for Earnings Report as Stock Slides
Next Article Peloton Eyes October for AI-Powered Fitness Innovations
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest News

Flovi Expands to Poland, Enhancing Vehicle Relocation Services in Europe
COINTURK FINANCE COINTURK FINANCE 1 hour ago
AI Receptionist Secures Millions to Automate Healthcare Front Desks
COINTURK FINANCE COINTURK FINANCE 3 hours ago
Mercado Libre Faces Stock Drop as Competition Intensifies in Brazil
COINTURK FINANCE COINTURK FINANCE 8 hours ago
Microsoft CEO Delegates Duties to Focus Intensely on AI Development
COINTURK FINANCE COINTURK FINANCE 9 hours ago
AI Drives Shift in Banking as Institutions Anticipate Customer Needs
COINTURK FINANCE COINTURK FINANCE 12 hours ago
//

COINTURK was launched in March 2014 by a group of tech enthusiasts focused on the internet and new technologies.

CATEGORIES

  • Investing
  • Business
  • Fintech
  • Startup

OUR PARTNERS

  • COINTURK NEWS
  • BH NEWS
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Contact
COINTURK FINANCECOINTURK FINANCE
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK FINANCE
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?