Mastercard and Amazon Payment Services to Enable Digital Payment Acceptance Across Middle East and Africa
30 9월 2024 - 10:41PM
Business Wire
- The payment service provider will adopt the Mastercard Gateway
to support fast, seamless, and secure transactions across the
region
- Partnership covers key countries including Bahrain, Egypt,
Jordan, Kuwait, Lebanon, Oman, Qatar, South Africa and UAE
- The two partners will also co-create innovative multi-rail
payment solutions for customers
Mastercard and Amazon Payment Services have signed a multi-year
commercial partnership agreement to digitize payment acceptance in
Middle East and Africa, across countries including Bahrain, Egypt,
Jordan, Kuwait, Lebanon, Oman, Qatar, South Africa and UAE.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20240930168364/en/
Mastercard and Amazon Payment Services
executives at the signing ceremony (Photo: AETOSWire)
As part of the collaboration, the leading payment service
provider (PSP) will adopt Mastercard Gateway – a single touchpoint
for payment processing – as a payment solution available in 40
markets in the region. The integration of the solution will enable
merchants to offer fast, seamless, and secure transactions as well
as convenient payment choices to customers.
In line with the rapid increase in digital payments, the
partnership will benefit thousands of Amazon Payment Services
merchants, including Amazon online stores for shoppers across the
UAE and Egypt. In addition, it will open new opportunities for
building synergies with entities such as telcos and governments to
enhance their checkout options, driving a faster and more secure
transaction rate for their customers.
According to the Mastercard Payment Industry Insights Index, 95%
of consumers in Middle East and Africa are considering using
emerging payment methods, such as wearables, biometrics, digital
wallets, QR codes, and contactless payments. Additionally, 61% of
consumers would avoid businesses that do not accept electronic
payments, while banks in the region that have migrated to digital
channels have also seen the share of digital transactions increase
from 70% to 90% over the course of approximately two years.
“We are proud to partner with Amazon Payment Services to scale
payment acceptance and accelerate digitization of payments with
innovation solutions,” said Amnah Ajmal, Executive Vice
President, Market Development, EEMEA, Mastercard.
The two organizations have also signed an innovation agreement
to develop Secure Card on File, Click to Pay, and token
authentication services to provide multi-rail checkout options to
merchants, and a faster checkout experience to end customers.
Peter George, Managing Director, Amazon Payment Services,
Middle East & North Africa, commented: “We are delighted to
strengthen our collaboration with Mastercard, to deliver on our
common goal of shaping the future of online payments in the region.
Implementing Mastercard Gateway will empower us to expand our reach
as a PSP and reduce the burden of integration, since the advanced
technology solution is connected to all major acquirers around the
world.”
Mastercard Gateway is a trusted solution that offers a single
connection to help customers accept payments globally and expand
into new markets with ease while protecting them from risk and
fraud. Powered by frictionless digital checkout solutions, it
removes the need for manual card and password entry for online
shoppers. As one of the largest gateways in the region that is
utilized by many players in the financial space, it allows its
partners to accept a wide range of digital transactions, including
all leading card brands and non-card payment options.
Amazon Payment Services continues to enable online payments in
MENA, supporting over 4,000 merchants and businesses across the
region. The company’s services are available for businesses in the
United Arab Emirates, Saudi Arabia, Egypt, Jordan, Lebanon, Qatar,
Kuwait, Oman and Bahrain.
Source: AETOSWire
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version on businesswire.com: https://www.businesswire.com/news/home/20240930168364/en/
Halima Islam, Mastercard Halima.Islam@mastercard.com
MasterCard (NYSE:MA)
과거 데이터 주식 차트
부터 10월(10) 2024 으로 11월(11) 2024
MasterCard (NYSE:MA)
과거 데이터 주식 차트
부터 11월(11) 2023 으로 11월(11) 2024
