Mastercard Celebrates 30 Years of Success in UAE

Technology

Mastercard Celebrates 30 Years of Success in UAE

Dubai, UAE - December 1, 2016: Reaffirming its leading role in transforming the repayments landscape in the region, Mastercard, a leading technology company in the global settlements industry, recently celebrated its 30 th anniversary in the UAE.

Noting 3 effective and inspiring decades in the nation, Mastercard commenced its UAE procedures in 1986 when it collaborated with Abu Dhabi Commercial Bank (ADCB) as its authorized card issuer in the country.

" Mastercard has mirrored the tremendous development tale of this country," said Khalid Elgibali, Department President, Middle East and North Africa, Mastercard. "The UAE, many thanks to its visionary management, has actually offered a productive ground to utilize our innovative remedies. Be it implementing brand-new digital payment techniques or utilizing the country's tactical area to own economic inclusion in the region, the incentives have actually motivated us to open the next wave of innovation in the payments field."

Throughout the years, Mastercard has introduced a suite of services to increase the UAE's cashless credentials, consisting of an intuitive, easy option to traditional payments through Masterpass-- an omni-channel, 'digital wallet' service that allows consumers in the nation to store card information and delivery and billing info securely over a single platform.

Showing the duty of alliances with industry players beforehand the country's drive to a cashless society, Mastercard worked together with Light beam Purse-- a first-rate mobile business and benefits platform-- to incentivize cashless deals and drive greater worth to customers. "Developing a smooth payment experience that boosts client and merchant satisfaction, while at the very same time enhancing security of transactions, has actually been at the top of our agenda in the UAE," added Elgibali.

As the UAE continues to improve its buying, dining and enjoyment offering for both homeowners and visitors, Mastercard has emerged as a relied on partner to solution cashless transactions across businesses.Collaborations with Dubai's latest attractions such as Dubai Parks and Resorts and IMG Worlds of Adventure exhibit Mastercard's contributions to the prospering countrys ambition, enabling it to provide 'priceless' experiences to customers via value-driven options and payment
innovations.

Eyad Al-Kourdi, Senior Vice President and General Manager, UAE, Mastercard, said: "We will continuously take advantage of on the country's efforts in developing a durable digital infrastructure. With site occasions such as the Dubai Exposition 2020 in sight, we seek to expand from strength to strength in recognizing the UAE's ambition to unlock possibilities for further development and transformation. We are currently working towards bringing the future of shopping and repayments to the UAE, thereby adding to the nation's passion to continue to be well ahead of the contour in technology and innovation in the financial field.".

Mastercard recently took part in Emirates NBD's advanced banking space where 'The Future of Shopping' by Mastercard display supplied a peek of shopping in the new period of digital and mobile-driven procedures and customer involvement as envisioned by Mastercard Labs.

" Our task available is to support the UAE's smart city vision by surpassing the assumptions of the country's leaders and people, and build stronger partnerships with public and economic sector entities to become catalysts of developments towards a 'World Beyond Money'. Our commitment to the UAE emphasizes the essential place we believe the Middle East and Africa region keeps in our growth as a brand name in the coming years. We thank the country's leadership and our partners for their ongoing assistance and eagerly anticipate commemorating even more milestone together." Elgibali added.