Mastercard and First Abu Dhabi Bank (FAB) have officially announced a long-term global partnership that aims to enhance the digital banking experience for customers around the world. This strategic collaboration will leverage the strengths of both organizations to innovate and deliver cutting-edge financial solutions to consumers and businesses.

As part of the partnership, FAB will utilize Mastercard’s extensive network and advanced technology to improve its digital banking offerings and expand its reach to more markets globally. This will enable FAB to provide its customers with a seamless and secure payment experience, whether they are shopping online or in-store.

“We are excited to partner with First Abu Dhabi Bank to bring innovative and unique financial solutions to customers worldwide,” said Michael Miebach, CEO of Mastercard. “By combining Mastercard’s technology and network with FAB’s expertise in banking, we can create a truly differentiated customer experience that sets new standards in the industry.”

The collaboration between Mastercard and FAB will also focus on developing new payment solutions that cater to the evolving needs of consumers and businesses in the digital age. By leveraging Mastercard’s expertise in digital payments and FAB’s strong presence in the Middle East, the partnership aims to drive financial inclusion and empower individuals and businesses to thrive in a digital world.

“We are committed to providing our customers with the best-in-class banking services and solutions, and this partnership with Mastercard will enable us to do just that,” said Hana Al Rostamani, Group CEO of FAB. “Together, we will work towards creating a more seamless and secure payment experience for our customers, and drive innovation in the financial services industry.”

Overall, the long-term global partnership between Mastercard and FAB signals a new era of collaboration and innovation in the banking and payments sector. With a shared vision of delivering exceptional customer experiences and driving digital transformation, both organizations are well-positioned to shape the future of finance and bring about positive change in the industry.