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Fintech & Ecommerce

Mastercard partnered Abu Dhabi-based BaaS provider

Oct 01, 2021

Mastercard welcomes NymCard as its newest Network Enablement Partner

Mastercard

Mastercard partnered Abu Dhabi-based BaaS provider. Source:?shutterstock.com

Mastercard has welcomed the banking-as-a-service provider and modern card issuing platform, NymCard. The company has joined Mastercard Network Enablement Partner program, providing it with the ability to deliver Issuances in record time.

As a Network Enablement Partner, NymCard gets direct connectivity with Mastercard, providing it with access to Mastercard’s core assets: 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 forms part of Mastercard’s commitment to catalyzing the fintech and digital payments ecosystem, emphasizing NymCard’s role as a leading fintech enabler.

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 creating new programs and solutions to enable the transformation of the market and pave the way for new players – NymCard’s new role as a Network Enablement Partner represents an exciting milestone
J.K. Khalil, Country Manager, Saudi Arabia, Bahrain, and Levant, Mastercard

Abu Dhabi-based NymCard offers a cloud-based or on-premises modern payment issuing and processing platform, allowing fintechs, large enterprises, and banks to instantly create, control, and distribute virtual or physical payment cards.

We’ve reported that transaction volumes for mobile payments to grow by more than 90% over 2 years.

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