NOW Money, a top digital payroll and banking platform serving migrant workers, has announced a new strategic partnership with Mastercard, a global leader in payment technology.
Through this partnership, NOW Money customers will receive a Mastercard payment card, ensuring secure, seamless, and convenient access to their finances. This initiative supports NOW Money’s commitment to providing inclusive financial solutions to underserved communities and enhancing the financial wellness of its users throughout the GCC region.
Nicolas Andine, CEO of NOW Money, expressed his excitement regarding the collaboration: “We are thrilled to partner with Mastercard, a global pioneer in payments innovation. This collaboration is a significant step towards our vision of total financial inclusion, ensuring our customers have the tools they need to participate fully in the digital economy, with a financially connected world supporting and empowering everyone.”
Gina Petersen-Skyrme, Vice President, Country Manager, UAE and Oman at Mastercard, added: “At Mastercard, we are committed to fostering an inclusive, sustainable, and prosperous future for all. Our collaboration with NOW Money is set to integrate thousands of unbanked individuals into the digital economy, providing them with secure, convenient payment solutions and access to our extensive network of global merchants.”
The NOW Money Mastercard partnership offers several key benefits:
Global Acceptance: The NOW Money Mastercard payment card enables worldwide usage, including online, in-store, and at ATMs, granting customers unparalleled access to their funds anywhere they travel.
Enhanced Security: Utilizing Mastercard’s cutting-edge security technologies like EMV chips and robust fraud detection systems, NOW Money ensures customers can transact securely and confidently.
Convenient Digital Payments: Integration of Mastercard with the NOW Money app facilitates effortless financial management. Customers can conveniently handle payments, transfers, and other financial transactions directly from their mobile devices.
Financial Inclusion and Literacy: This collaboration reinforces NOW Money’s dedication to financial inclusion by offering accessible banking services. Additionally, leveraging Mastercard’s educational resources will enhance financial literacy among NOW Money users.