Mastercard welcomes Jordan Kuwait Bank (JKB) as a global partner of Mastercard Fintech Express, which unites tech-savvy start-ups. The program supports digital payment innovators by facilitating collaboration with tech companies and their partners to bring new products to the market, add payment solutions, and innovate through collaboration.
Other fintech providers will be able to easily begin their Mastercard issuing businesses thanks to the cooperation, which will also open up new opportunities throughout the ecosystem. As the first Fintech Express partner in the world, NEC Payment increases the opportunities for startups.
Mastercard Fintech Express was launched last year and is split into three core modules.
Access allows regulated businesses to obtain a Mastercard license and access the network through a streamlined onboarding process.
Build helps fintech processors become Express Partners by building their own tech alliances and benefiting from the advantages of Mastercard.
Connect, start-ups look to add payment solutions to their array of products, and can easily connect to authorized Express Partners available on the Mastercard Engage web portal and go live with Mastercard in a few days.
Adam Jones, Country Manager, Saudi Arabia, Egypt, Bahrain & Levant, Mastercard said “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 Jordan Kuwait bank 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,”
Suhail AlSalman, Head of Retail Business at Jordan Kuwait Bank said “Being the first bank in Jordan to be selected for Mastercard’s in Fintech Express program 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 start-ups/FinTechs and provide payment solutions to accelerate their growth, ultimately allowing JKB to grow with them”.
He added “We continue to develop a broad range of business capabilities in partnership with Mastercard, adding value as an enabler to the Fintech ecosystem and as the vertically integrated true Payment-as-as-Service provider in the MENA region, helping and meeting the needs of emerging start-ups.”
The technology business, Mastercard, also has a worldwide footprint, a network of partners, and local expertise to support FinTech at every step of its growth, from market entry to global expansion. Technology businesses are collaborating with up-and-coming entrepreneurs through initiatives like Start Path and Fintech Express in the Mastercard Accelerate portfolio to link 1 billion people to the digital economy by 2025.