Mastercard has announced that NEC Payments, a payment services provider licensed and regulated by the Central Bank of Bahrain, is now a global partner of Mastercard Fintech Express, which connects tech-savvy startups with traditional players such as banks.
The programme that was launched last year supports digital payment innovators by making it simple to collaborate with tech companies and its partners to launch new products, add payment solutions and innovate through collaboration.
The partnership will enable other fintech players to start their Mastercard issuing business at speed, unlocking more opportunities for the entire ecosystem.
NEC Payments is the first Fintech Express partner globally, bringing new scale to the possibilities and potential for startups.
“In a constantly changing market environment, Mastercard is continuously adapting by creating new programs and partnerships to enable diversification, drive digital transformation and accelerate new players.
We are delighted to welcome NEC Payments as our global partner as we together support fintech innovation, and creation of more connections, better user experiences, wider inclusion, increased competitiveness and exciting new possibilities,”
said J.K. Khalil, Country Manager, Saudi Arabia, Bahrain & Levant, Mastercard.
Andrew Sims, CEO, NEC Payments said:
“We continue to develop our extensive business capabilities in partnership with Mastercard and look forward to meeting the needs of upcoming startups as they scale and expand, adding value as an enabler to the fintech ecosystem and as the first vertically-integrated true Banking-as-a-Service provider in the MENA region.”
Featured image credit: edited from Unsplash