Manama, Bahrain: – Mastercard has welcomed the banking-as-a-service (BaaS) provider and modern card issuing platform, NymCard, as the newest company to join its Network Enablement Partner program, providing it with the ability to deliver Issuances in record time.
As a Network Enablement Partner, NymCard gets a direct connectivity with Mastercard, providing it with privileged access to Mastercard’s core assets: network, reach, solutions and information to unlock opportunities for disruption, transformation and growth within the region’s digital payments ecosystem.
The Network Enablement Partner initiative forms part of Mastercard’s commitment to catalyzing the fintech and digital payments ecosystem, emphasizing NymCard’s role as a leading fintech enabler.
Explaining the transformational potential of the partnership, J.K. Khalil, Country Manager, Saudi Arabia, Bahrain, and Levant, Mastercard, said: “We are delighted that NymCard has joined the Mastercard Network Enablement Partner program, allowing fintech players to go to market faster, accelerate product innovation and optimize performance and operational efficiency for its customers. Mastercard is constantly adapting to the market environment and creating new programs and solutions to enable the transformation of the market and pave the way for new players – NymCard’s new role as a Network Enablement Partner represents an exciting milestone.”
Commenting on the Mastercard partnership, Mr. Omar Onsi, CEO and Founder of NymCard, said: “In a digital world where users want easy transactions, our new partnership with Mastercard represents a real opportunity for us, as a Network Enablement Partner, to power promising fintechs and payment innovators to scale at speed across multiple geographies.”
Abu Dhabi-based NymCard offers a cloud-based or on-premises modern payment issuing and processing platform, allowing fintechs, large enterprises, and banks to instantly create, control, and distribute virtual or physical payment cards.
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About Mastercard
About Mastercard Incorporated (NYSE: MA), www.mastercard.com
Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere, by making transactions safe, simple, smart, and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments, and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.
About NymCard
NymCard is a MEA-based BaaS provider and modern card issuer processor. The company offers a cloud-agnostic modern payment issuing and processing platform called nCore that allows fintechs in the MEA region to instantly create, control, and distribute highly customizable virtual or physical payment cards.
NymCard’s mission is to enable companies to launch frictionless payment card programs at speed in any market in MEA and now in Asia as well. As a payment enabler, NymCard is removing the friction associated with legacy systems enabling fintechs to focus on building their product proposition rather than deal with complex payment processes.
NymCard developed its own processing technology from the ground up, where we own our whole tech stack. We published our APIs and are the only MEA-based issuer processor with a live Sandbox where fintechs can get access and start building in no time.
© Press Release 2021
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