Latest news with #MastercardMove
Fintech News ME
2 days ago
- Business
- Fintech News ME
Zand Partners with Mastercard to Enhance Cross Border Payments in UAE
Zand, a Dubai-based AI powered fintech and financial services group, has signed an agreement with Mastercard to work together on improving cross border payment solutions. Using Mastercard Move's money movement services, the collaboration aims to provide secure and efficient international transfers for Zand customers. In the first stage, Zand will offer payment services such as deposits into bank accounts and digital wallets in several markets, along with cash collection options, through Mastercard Move's capabilities. The initiative reflects both companies' focus on advancing the digital economy and supporting financial inclusion in the region. J K Khalil, Executive Vice President and Division President, East Arabia, Mastercard, said: 'At Mastercard, we are committed to driving innovation across the region's payments landscape. Our collaboration with Zand will connect more people and businesses to the financial system, helping drive greater financial inclusion and economic opportunity in the UAE and across the region.' Michael Chan, Chief Executive Officer at Zand, said: 'We are thrilled to collaborate with Mastercard to help drive the future of cross border payments, and this exciting opportunity represents a significant milestone in Zand's mission to accelerate the growth of the digital economy. The payments ecosystem is rapidly growing and evolving in the region and offers compelling potential to accelerate the applications of AI, blockchain and payments technology.' Mastercard Move is the company's suite of money movement services, designed to support fast and secure transfers for various needs including person to person payments, business transactions, and disbursements. It offers different payout options such as bank accounts, cards, and mobile wallets. To serve unbanked and underbanked communities, cash payouts are also available through Mastercard's network of cash collection points.
CairoScene
2 days ago
- Business
- CairoScene
Zand Partners With Mastercard to Expand Cross-Border Payment Services
Licensed UAE fintech Zand has signed a strategic agreement with Mastercard to enhance cross-border payments using Mastercard Move, enabling customers to send money worldwide. Aug 14, 2025 Zand, an AI-powered financial services group in the UAE, has signed a strategic agreement with Mastercard to enhance its cross-border payment offerings. The partnership will see Zand integrate Mastercard Move's money movement solutions to provide secure global transfers for its customers. In the first phase, Zand will roll out services such as direct deposits into bank accounts, wallet top-ups in multiple markets, and convenient cash pick-up options. The integration aims to simplify international transactions for both individuals and businesses, expanding Zand's capabilities in a growing digital payments market. 'We are thrilled to collaborate with Mastercard to help drive the future of cross-border payments, and this exciting opportunity represents a significant milestone in Zand's mission to accelerate the growth of the digital economy," Michael Chan, CEO at Zand, said. "The payments ecosystem is rapidly growing and evolving in the region and offers compelling potential to accelerate the applications of AI, blockchain and payments technology.' Licensed by the Central Bank of the UAE and holding a BBB+ investment grade rating from Fitch Ratings, Zand positions itself as a bridge between traditional finance and decentralised finance, leveraging AI to support the digital economy. The rollout of the enhanced payment services will begin in the UAE, with plans to expand reach and accessibility across more markets in the future.
Al Bawaba
2 days ago
- Business
- Al Bawaba
Zand and Mastercard announce a strategic collaboration to Enhance Cross-Border Payment Solutions
Zand, an AI-powered Fintech and financial services group in the United Arab Emirates, has announced the signing of a strategic agreement with Mastercard to collaborate on enhancing cross-border payment solutions. Leveraging Mastercard Move's money movement solutions, this collaboration will enable seamless, secure, and efficient cross-border money transfers offered by Zand to its the first phase of the collaboration, Zand will offer payment solutions, such as deposits into bank accounts and wallets in multiple markets, as well as convenient cash pick-up services, using Mastercard Move's capabilities. This underscores Mastercard and Zand's joint commitment to advancing the digital economy, and driving innovation and financial inclusion in the region's financial services landscape.J.K. Khalil, EVP and Division President, East Arabia, Mastercard, said: 'At Mastercard, we are committed to driving innovation across the region's payments landscape. Our collaboration with Zand will connect more people and businesses to the financial system, helping drive greater financial inclusion and economic opportunity in the UAE and across the region.'Michael Chan, CEO at Zand, said: 'We are thrilled to collaborate with Mastercard to help drive the future of cross-border payments, and this exciting opportunity represents a significant milestone in Zand's mission to accelerate the growth of the digital economy. The payments ecosystem is rapidly growing and evolving in the region and offers compelling potential to accelerate the applications of AI, blockchain and payments technology.' Mastercard Move — the company's comprehensive suite of money movement solutions — enables fast, secure and efficient fund transfers. The service supports diverse payment flows such as person-to-person transfers, business payments, and disbursements, with multiple payout options including cards, bank accounts and mobile wallets. Additionally, to serve the unbanked and underbanked populations, cash payouts are available via Mastercard's growing global network of cash pickup locations.
Zawya
2 days ago
- Business
- Zawya
Zand and Mastercard announce a strategic collaboration to enhance cross-border payment solutions
Dubai, UAE: Zand, an AI-powered Fintech and financial services group in the United Arab Emirates, has announced the signing of a strategic agreement with Mastercard to collaborate on enhancing cross-border payment solutions. Leveraging Mastercard Move's money movement solutions, this collaboration will enable seamless, secure, and efficient cross-border money transfers offered by Zand to its customers. In the first phase of the collaboration, Zand will offer payment solutions, such as deposits into bank accounts and wallets in multiple markets, as well as convenient cash pick-up services, using Mastercard Move's capabilities. This underscores Mastercard and Zand's joint commitment to advancing the digital economy, and driving innovation and financial inclusion in the region's financial services landscape. J.K. Khalil, EVP and Division President, East Arabia, Mastercard, said: 'At Mastercard, we are committed to driving innovation across the region's payments landscape. Our collaboration with Zand will connect more people and businesses to the financial system, helping drive greater financial inclusion and economic opportunity in the UAE and across the region.' Michael Chan, CEO at Zand, said: 'We are thrilled to collaborate with Mastercard to help drive the future of cross-border payments, and this exciting opportunity represents a significant milestone in Zand's mission to accelerate the growth of the digital economy. The payments ecosystem is rapidly growing and evolving in the region and offers compelling potential to accelerate the applications of AI, blockchain and payments technology.' Mastercard Move — the company's comprehensive suite of money movement solutions — enables fast, secure and efficient fund transfers. The service supports diverse payment flows such as person-to-person transfers, business payments, and disbursements, with multiple payout options including cards, bank accounts and mobile wallets. Additionally, to serve the unbanked and underbanked populations, cash payouts are available via Mastercard's growing global network of cash pickup locations. Disclaimer This press release may contain forward-looking statements, which are based on current expectations and subject to risks and uncertainties. Actual results may differ materially due to market conditions, regulatory requirements, and other external factors. About Zand Bank Licensed by the Central Bank of the UAE and rated BBB+ investment grade by Fitch Ratings, Zand is an AI-powered bank founded to support the digital economy and bridge the gap between Traditional Finance (TradFi) and Decentralized Finance (DeFi). Our mission is to revolutionize the world of finance by leveraging AI, Blockchain Technology, and client-centric solutions to empower corporate, institutional, fintech, and wealth clients to thrive in the evolving digital economy. Our purpose is to empower innovators, ambitious leaders, and bold pioneers to shape the future of finance and unlock new opportunities for success. Zand combines the speed and flexibility of a fintech, with the security and strength of a fully licensed bank. Zand, the AI-powered bank for the digital economy. For more information, please visit For media inquiries, please email: media@ About Mastercard Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we're building a sustainable economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential.
Finextra
2 days ago
- Business
- Finextra
Mastercard and Zand launch cross-border payments solution in UAE
UAE-based fintech Zand has announced a collaboration with Mastercard Move's money solutions to power cross-border payments. 0 This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Mastercard Move is the payment giant's payments solutions offering, supporting varied transaction types such as P2P payments, business payments, card, and mobile wallet payments to name a few. The suite also offers the financially underserved cash payout options. The first phase of the partnership with Zand will utilise Mastercard Move's capabilities to provide payments solutions in deposits and cash pickup services. The aim of the collaboration is to drive payments innovation in the region. J.K. Khalil, EVP and division president, East Arabia, Mastercard, stated: 'At Mastercard, we are committed to driving innovation across the region's payments landscape. Our collaboration with Zand will connect more people and businesses to the financial system, helping drive greater financial inclusion and economic opportunity in the UAE and across the region.' Michael Chan, CEO at Zand, commented: 'We are thrilled to collaborate with Mastercard to help drive the future of cross-border payments, and this exciting opportunity represents a significant milestone in Zand's mission to accelerate the growth of the digital economy. The payments ecosystem is rapidly growing and evolving in the region and offers compelling potential to accelerate the applications of AI, blockchain, and payments technology.'
