Tag Archives: Mastercard

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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Business & Investments

Mastercard collaborates with Tap Payments on first global launch of ‘Click to Pay’ with Payment Passkey service for ecommerce

  • The partnership helps transform the ecommerce experience by merging streamlined checkout processes with enhanced security

Dubai, UAE; 12 November 2024: Mastercard has partnered with Tap Payments, one of the leading payment institutions and technology providers in the Middle East and North Africa, to introduce a global-first Click to Pay with Payment Passkey service for secure ecommerce transactions.

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Business & Investments

Safaricom and Mastercard partner to expand remittances and payment acceptance to over 636,000 merchants in Kenya

Dubai, UAE, 19 September, 2024 – Safaricom and Mastercard have signed a partnership to accelerate the adoption of payment acceptance and cross-border remittance services in Kenya. This collaboration is set to benefit over 636,000 merchants using M-PESA, Safaricom’s leading mobile money service.

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