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Cover story: Mastercard’s regional head on developing a financially equitable future In this exclusive interview, Raghu Malhotra, president of Mastercard Middle East and Africa speaks of the importance of financial inclusion, of leveraging key technologies and offers advice to leaders on handling a crisis by Zainab Mansoor July 25, 2021 Harbouring a vision of a financially inclusive, digitalised society and working relentlessly towards realising this mammoth task are two distinct realities. Raghu Malhotra, president for Middle East and Africa (MEA) at technology giant Mastercard, h...

Published July 8, 2021, 8:33 AM Mastercard today announced that Netbank, the Philippines’ first Banking-as-a-Service platform (BaaS), will join its Fintech Express program, giving the regulated Filipino bank access to a vast range of Mastercard’s digital-first products and enabling it to issue debit and credit cards under its partners’ brands. Netbank is geared towards accelerating the digitalization of its customers—including financial institutions, payment companies, neo-banks, domestic fintechs and even non-bank businesses—offering a full range of white-labelled banking services ...

Mastercard welcomes NEC Payments MANAMA, 2 hours, 51 minutes ago Mastercard has announced that the Bahrain-based NEC Payments is now a global partner of Mastercard Fintech Express, which connects tech-savvy startups with traditional players such as banks.    The programme supports digital payment innovators by making it simple to collaborate with the tech company and its partners to launch new products, add payment solutions and innovate through collaboration.   The partnership will enable other fintech players to start their Mastercard issuing business at speed, unlocking more oppor...

Press Release  Manama, Bahrain, 24 May 2021: Mastercard has announced that the Bahrain-based NEC Payments is now a global partner of Mastercard Fintech Express, which connects tech-savvy startups with traditional players such as banks. The program supports digital payment innovators by making it simple to collaborate with the tech company and its partners to launch new products, add payment solutions and innovate through collaboration. The partnership will enable other fintech players to start their Mastercard issuing business at speed, unlocking more opportunities for the entire ecosyst...

iTWire Monday, 24 May 2021 16:56 mx51 adds $25 million to coffers with capital raise Featured Victor Zheng, CEO mx51 Payments technology company mx51 has raised $25 million in a Series A round led by Acorn Capital, Artesian, Commencer Capital and Mastercard.  The funds represent mx51’s first major round of investment, secured less than 12 months after the company spun out of Assembly Payments in May 2020. The business is led and founded by former Westpac executive and former Assembly Payments co-CEO Victor Zheng.  mx5 says the round will allow it to rapidly expa...