Global: NOW Money and Mastercard Team Up to Transform Payments in the GCC Region

NOW Money, a fintech company based in the UAE, has announced a partnership with global technology leader Mastercard to revolutionize the payments industry across the GCC region.

According to a press release, this collaboration will enable NOW Money customers to securely and seamlessly access their finances using Mastercard payment cards, integrating them into the digital economy. This partnership aligns with NOW Money’s mission to provide inclusive financial solutions to underserved communities and enhance the financial well-being of its users throughout the GCC.

Nicolas Andine, CEO of NOW Money, stated: “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 and Country Manager for UAE and Oman at Mastercard, added: “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 and Mastercard Partnership:

1. Global Acceptance: The NOW Money Mastercard payment card can be used worldwide, including online, in stores, and at ATMs, providing customers with unprecedented access to their funds wherever they go.
2. 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.
3. 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.
4. 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.

This strategic collaboration between NOW Money and Mastercard is poised to make a substantial impact on the financial landscape of the GCC region, driving forward the mission of financial inclusion and literacy for all.