Jordan Kuwait Bank (JKB) has joined Mastercard’s fintech startup accelerator Mastercard Fintech Express as a global partner — the first bank in Jordan to do so.
The programme, which is part of the Mastercard Accelerate initiative, helps startups obtain a Mastercard license, develop products using its payment solutions, and engage partners through the Fintech Express network.
Mastercard Acclerate was launched in October 2019 to simplify the way Mastercard works with fintech startups. Other programmes under the initiative include Start Path for later-stage and corporate startups.
Bahrain’s NEC Payments was the first company to join the Mastercard Fintech Express programme as a global partner in May 2021.
“We are delighted to welcome Jordan Kuwait bank as our global partner as we together support fintech innovation, better user experiences, wider inclusion, increased competitiveness, and exciting new possibilities,”
said Adam Jones, Country Manager, Saudi Arabia, Egypt, Bahrain & Levant, Mastercard.
“Being the first bank in Jordan to be selected for Mastercard’s in Fintech Express programme underscores its continued commitment to becoming a leader in Jordan’s payment landscape.
Through this partnership, JKB will be able to formally enter new market segments, connect with startups/fintechs and provide payment solutions to accelerate their growth, ultimately allowing JKB to grow with them,”
said Suhail Al Salman, Head of Retail Business at Jordan Kuwait Bank.
