• UAE records more than 25% growth in international card spending in 2023

    Dubai, UAE--Total spending using international cards in the UAE witnessed a growth of more than 25% during the year 2023. J.K. Khalil, General Manager, MENA East, Mastercard, told Emirates News Agency (WAM) that digital payments continue to experience remarkable growth in the UAE, with more users and companies opting for...
  • Weyay recognized as ‘Fastest Growing Digital Bank’ in Kuwait by Mastercard

    Kuwait City - Weyay was recognized as 'Fastest Growing Digital Bank' in Kuwait by Mastercard on the sidelines of the recent Mastercard Mena East Business Forum held in Dubai, and attended by numerous professionals, including fintech and industry experts and banking leaders to exchange ideas and discuss the future of...
  • 43% people in Saudi likely to make more cross-border payments in 2023

    Riyadh, Saudi Arabia -- Nearly 43 percent of people in Saudi Arabia expect to send cross-border payments more frequently in the next 12 months, according to Mastercard’s Borderless Payments Report 2023. Globally, the report highlights two in five (40 percent) senders, and half of receivers, intend to use cross-border payments...
  • 48% of people in UAE expect cross-border payments surge in 2024

    Dubai, UAE -- Nearly 48 percent of individuals in the UAE anticipate an uptick in cross-border payments over the next 12 months and 36 percent expect to receive more cross-border payments during the same period, according to the recently released Mastercard Borderless Payments Report for 2023. Globally, the report indicates...
  • World Bank chief vows to tackle ‘dysfunctionality’ at development lender

    The former Mastercard chief executive told the Council on Foreign Relations in New York that the bank should alter its current twin mandate of poverty alleviation and boosting shared prosperity to include climate change. Banga's comments in New York come shortly before global leaders are due to gather for the...
  • Dubai Chamber, Mastercard unveil cyber security program for companies

    Dubai, UAE - A program that enables companies to access innovative and affordable cybersecurity solutions was introduced at a workshop on cyber security organized by the Dubai Chamber of Commerce. The special one-year package, jointly developed by Dubai Chambers and Mastercard, is designed to support companies in evaluating and improving...
  • Mastercard, DIFC to partner with FinTech companies for digital transformation

    Dubai, UAE -  Dubai International Financial Centre (DIFC), the leading financial centre in the Middle East, Africa and South Asia (MEASA) region, has signed a collaboration agreement with Mastercard that aims to drive digital transformation through partnerships with innovative FinTech companies. The partnership between DIFC and Mastercard will provide FinTech...
  • Ajman Bank and Mastercard collaborate to launch Touch Card

    Ajman Bank and Mastercard have partnered to launch Touch Card, a payment card that will allow blind and partially sighted people to easily facilitate payments and distinguish between their cards.
  • Investments, innovations help MENA smart cities grow

    Intelligent transportation system, speedy 5G deployment and heavy investment in AI are pushing region's smart city growth, says Omar Christidis, CEO & Founder of Arabnet.
  • Financial inclusion enables access to health, education: Study

    The study stresses the need for digitally delivered financial inclusion; and for using this as a platform to distribute health and education services to the masses.
  • Soaring global urban tech market to benefit KSA: Mastercard report

    The paper has shone a spotlight on how Saudi Arabia’s e-government, tourism, healthcare, and transit sectors stand to benefit from the smart city revolution in the Kingdom.
  • Russia threatens Ukraine ‘statehood’ as sanctions tighten

    Since Russia's invasion 10 days ago, the economic and humanitarian toll of the war has spiraled, sending more than one million people fleeing Ukraine. Officials have reported hundreds of civilians killed.
  • Mastercard study: Majority of UAE SMEs confident about growth

    SMEs identify easier access to funding, digital payments, training and upskilling staff as key drivers of growth Rising cost of doing business worries the majority Confidence of Small and Medium Enterprises (SMEs) in the UAE is on the rise after the disruptions caused by the Covid-19 pandemic, says a Mastercard...
  • Corporate card programs offering efficient procedures, more savings

    A recent survey by Mastercard, a leading technology company in the global payments industry, revealed that organizations that switch from Per Diems to corporate card programs benefit from more efficient operational procedures, increased savings and reduced T&E expenses. Per Diems refer to the daily allowance paid by an organization to...