Mastercard, leading global payments & technology company, has welcomed the UAE’s banking-as-a-service (BaaS) provider and modern card issuing platform, NymCard, as the newest company to join its Network Enablement Partner program.
As a Network Enablement Partner, NymCard gets a direct connectivity with Mastercard, providing it with privileged access to Mastercard’s core assets such as network, reach, solutions and information to unlock opportunities for disruption, transformation and growth within the region’s digital payments ecosystem.
The Network Enablement Partner initiative is in line with Mastercard’s commitment to accelerate the fintech and digital payments ecosystem, emphasizing NymCard’s role as a leading fintech enabler.
Omar Onsi CEO & Founder NymCard
“In a digital world where users want easy transactions, our new partnership with Mastercard represents a real opportunity for us, as a Network Enablement Partner, to power promising fintech and payment innovators to scale at speed across multiple geographies.”
Abu Dhabi-based NymCard offers a cloud-based or on-premises modern payment issuing and processing platform, allowing fintech, large enterprises, and banks to instantly create, control, and distribute virtual or physical payment cards.
Explaining the transformational potential of the partnership, Mr. J.K. Khalil, Country Manager, Saudi Arabia, Bahrain, and Levant, Mastercard, said, “We are delighted that NymCard has joined the Mastercard Network Enablement Partner program, allowing fintech players to go to market faster, accelerate product innovation and optimize performance and operational efficiency for its customers. “
Mastercard is constantly adapting to the market environment and developing new programs and solutions to facilitate market change and pave the way for new players, and NymCard’s new status as a Network Enablement Partner is a significant step forward.
