MyFatoorah has announced its strategic collaboration with Mastercard to introduce a new digital payment gateway platform, powered by Mastercard Gateway.
Through this partnership, MyFatoorah will deploy state-of-the-art payment solutions to enhance the customer experience for its 75,000+ merchants in the region.
MyFatoorah is a leading payments platform and the only payment service provider (PSP) licensed in all GCC countries offering payment solutions across the Middle East.
The integration of the solution will enable merchants to offer fast, seamless, and secure transactions as well as convenient payment choices to customers.
The new partnership between MyFatoorah and Mastercard aims to evolve the region’s eCommerce landscape, enabling seamless shopping experiences, higher conversion rates, and helping to reduce fraud.
Abdullah Aldabbous, Founder and Managing Partner of MyFatoorah, said that, “The shifting demands of consumers and the fast pace of change in eCommerce are fuelling innovation in payments. Our collaboration with Mastercard to introduce Mastercard Gateway reflects our dedication to improving the online shopping experience and making eCommerce more seamless.”
Gina Petersen-Skyrme, Country Manager, UAE and Oman at Mastercard, stated that, “Mastercard is dedicated to broadening the spectrum of innovative payment solutions across the region. We are excited to collaborate with MyFatoorah to introduce Mastercard Gateway. This partnership not only strengthens our digital payment acceptance network but also aligns with our mission to enhance everyday experiences for consumers.”
MyFatoorah
Since being founded in Kuwait in 2016, MyFatoorah has grown to provide tailored payment solutions to over 75,000 merchants in GCC, Jordan, and Egypt across a diverse array of sectors, including government, education, marketplaces, group retail, and insurance.
