Tag Archives: Mastercard

Business & Investments

Mastercard research highlights urgent need for UAE SMEs to stay ahead of evolving cyber threats

  • 47% of small businesses in the country have experienced a cyberattack
  • Top five cyber threats to SMEs in the UAE include malware, digital skimming, hacking, phishing and ransomware
  • The survey notes that small businesses are actively seeking partners and solutions to bridge knowledge gaps and fortify defenses

Dubai, UAE; 23 April 2025: Readiness to tackle cyber threats has never been more critical to building a secure and resilient digital future for small businesses, according to Mastercard’s latest research on cybersecurity risks facing SMEs. The study was conducted across five countries worldwide among more than 5,000 small and medium business owners, including over 1,000 in the UAE.

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Business & Investments

HEC Paris, Doha Collaborates with Mastercard: Unveiling the Mastercard Fellowship Program in AI

Doha, Qatar – 10 April 2025: HEC Paris, the world’s top-ranked business school for Executive Education, has entered into a strategic engagement with Mastercard, becoming the official academic collaborator for Mastercard’s executive education programs in Qatar. The collaboration was officially marked by a signing ceremony at HEC Paris’ state-of-the-art Doha campus, reinforcing a shared commitment to advancing executive education in the region.

This collaboration combines HEC Paris’ globally recognized academic expertise with Mastercard’s industry leadership in payments technology, offering transformative learning experiences tailored for business leaders across Eastern Europe, Middle East, and Africa (EEMEA) region.

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Business & Investments

Al Etihad Payments and Mastercard collaborate to launch “Jaywan – Mastercard” debit and prepaid cards in the UAE

Abu Dhabi, UAE; 12 March 2025: Al Etihad Payments (AEP), a wholly owned subsidiary of the Central Bank of the UAE (CBUAE), which operates the UAE’s national card switch (UAESWITCH) and manages domestic card scheme “Jaywan”, and Mastercard have announced a strategic collaboration to launch “Jaywan – Mastercard” co-badged debit and prepaid cards in the UAE.

Jaywan-Mastercard debit and prepaid cards will enable cardholders to carry out secure, simpler, smarter and more accessible payment transactions, including e-commerce transactions, setting a new benchmark in the UAE’s payment landscape by combining innovative products and value-added services.

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Business & Investments

Mastercard signs strategic collaboration with Mashreq to support its launch as a digital bank in Pakistan

The collaboration involves card portfolios across consumer, affluent, and business segments

Dubai, UAE; 05 March 2025: Mastercard has signed a multi-year strategic agreement with Mashreq to support its launch as a digital bank in Pakistan. Announced at a signing ceremony held at Mashreq HQ in Dubai, UAE welcoming leadership from Mashreq and Mastercard, the collaboration is to be on card portfolios across the consumer, affluent, and business market segments.

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Business & Investments

Mastercard Economics Institute’s Economic Outlook 2025 for the UAE

Mastercard Economics Institute’s Economic Outlook 2025 for the UAE: Steering through change  

  • The UAE’s GDP is projected to grow by 5% year over year, consumer spending is predicted to rise by 4.3%, and consumer price inflation is likely to reach 2.3%
  • Migration is leading to a rise in remittances, with the continued digitization of the payments industry bringing cost efficiencies, security and convenience
  • The participation of women in the workforce is growing, driven by increasing job creation in female-dominated sectors and flexible work policies
  • Conscious consumers are increasingly trading down, most prominently in the travel sector
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