Latest news with #Zand
Arabian Business
2 days ago
- Business
- Arabian Business
Zand, Mastercard partner to boost cross-border payment solutions
Zand, an AI-powered fintech and financial services group based in the United Arab Emirates, has signed a strategic agreement with Mastercard to enhance its cross-border payment offerings. The partnership will leverage Mastercard Move, the company's suite of money movement solutions to deliver secure, efficient, and seamless international transfers for Zand customers. In the first phase, Zand will introduce payment options including deposits into bank accounts and mobile wallets across multiple markets, along with cash pick-up services. The move reflects both companies' commitment to advancing the digital economy and driving financial inclusion across the region. J.K. Khalil, Executive Vice President and Division President, East Arabia at 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 beyond.' Michael Chan, CEO at Zand, added: 'We are thrilled to collaborate with Mastercard to help drive the future of cross-border payments. This opportunity marks a significant milestone in Zand's mission to accelerate the growth of the digital economy. The payments ecosystem in the region is growing rapidly and presents compelling potential to expand the applications of AI, blockchain, and payments technology.' Mastercard Move supports a wide range of payment flows, including person-to-person transfers, business transactions, and disbursements, with payout options to cards, bank accounts, and mobile wallets. To cater to unbanked and underbanked communities, cash payouts are also available through Mastercard's expanding global network of pickup locations.
Gulf Business
2 days ago
- Business
- Gulf Business
Zand, Mastercard partner to boost cross-border payment solutions
Image: Supplied UAE-based AI-powered fintech and financial services group Zand has signed a strategic agreement with Mastercard to enhance cross-border payment solutions using Mastercard Move's money movement technology. The partnership will enable In the first phase, Zand will provide deposits into bank accounts and wallets in multiple markets, along with cash pick-up services through Mastercard Move's capabilities. The collaboration is aimed at advancing the digital economy, driving innovation and expanding financial inclusion in the region's financial services sector. Zand-Mastercard collab to build financial inclusion 'At Mastercard, we are committed to driving innovation across the region's payments landscape,' said J K Khalil, EVP and division president, East Arabia, Mastercard. '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 Payout options include cards, bank accounts, mobile wallets and cash, with cash payouts available through Mastercard's global network of pickup locations to serve unbanked and underbanked populations.
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.
