Zand Partners With Mastercard to Expand Cross-Border Payment Services

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.