Mastercard partners with CarbonSifr to advance climate action in MENA region

Dubai, UAE; 16 January 2024: Mastercard has signed a memorandum of understanding (MoU) with CarbonSifr, a UAE-based climate tech company, to explore opportunities to accelerate climate action in the MENA region. The two partners will support small and medium enterprises (SMEs) with climate awareness and carbon footprint measurement initiatives, and enable players in the broader ecosystem to embed climate action into their payment processes with local data.

The innovation-driven partnership aims to equip small businesses in the region with innovative tools to measure, reduce and compensate for their carbon footprint.

Mastercard partners with Further Ventures to accelerate next generation payments and asset management infrastructure

Abu Dhabi, UAE; 14 December 2023: Mastercard and Further Ventures (Further), a leading venture building and investment firm based in Abu Dhabi, announced a partnership to accelerate the development of local fintech capabilities in the UAE and the wider MENA region. The signing took place on the sidelines of the Further Network Summit, part of Abu Dhabi Finance Week.

Mastercard will bring its cutting-edge payment solutions, platforms and technologies to the shared efforts, helping to deliver on a pledge to bring 50 million micro, small, and medium enterprises (MSMEs) worldwide into the digital economy by 2025. Additionally, the company will make an investment in Further to support the fund’s growth.