Mastercard Partners with Abu Dhabi Global Market
Abu Dhabi Global Market (ADGM) and Mastercard have announced a new strategic partnership aimed at fostering innovation
and supporting the development of a more digital financial ecosystem in the UAE and the wider region.
As part of the partnership, Mastercard will collaborate with ADGM to launch various initiatives and programs focusing
on fintech, digital banking, and innovative payment solutions. This collaboration will help further enhance the financial
sector infrastructure and ecosystem within the Abu Dhabi Global Market.
Benefits of the Partnership
The partnership between Mastercard and ADGM aims to:
- Accelerate the adoption of digital payments and digital financial services in the UAE and the region.
- Promote financial inclusion by providing consumers with easier access to safe and convenient payment solutions.
- Enhance regulatory framework and policies to support the growth of fintech and digital banking.
- Drive innovation and entrepreneurship by nurturing startups and enabling them to leverage cutting-edge payment technologies.
Collaborative Initiatives
Mastercard and ADGM plan to launch several collaborative initiatives, including:
- The establishment of a dedicated fintech hub within the Abu Dhabi Global Market, providing a platform for fintech startups
to connect and collaborate with industry leaders and experts. - A sandbox environment where fintech companies can test and refine their payment innovations in a controlled and secure
environment. - Conducting joint research and thought leadership seminars to drive knowledge sharing and awareness about the latest trends
in digital finance. - Supporting fintech competitions and hackathons to encourage innovation and discover groundbreaking ideas.
This partnership reflects the commitment of both Mastercard and ADGM in promoting technological advancements and digital
transformation in the financial sector. By leveraging their combined expertise and knowledge, they aim to create a more
inclusive and seamless financial ecosystem in the UAE and beyond.
For more information about the partnership, please visit the Mastercard website or the
Abu Dhabi Global Market website.