Fintech Express: Mastercard Launches New Programme for Fintech Startups in MEA Region

Mastercard has launched its Fintech Express programme in the Middle East and North Africa, as the financial services corporation looks to help launch and/or expand the most innovative startups in the field.

Leaning on its expertise, technology and global network, Mastercard hopes to create a space for fintech startups to focus on driving and making an impact on the digital economy. Open to fintechs of all kinds, the programme is split into three modules. ‘Access’ enables startups to obtain a Mastercard license and access Mastercard’s network, while ‘Build’ opens opportunities for participants to become an Mastercard ‘Express Partner’ and build tech alliances. The third and last, ‘Connect’ is tailormade for fintechs looking to add payment solutions to their products.

With the Middle East and North Africa being home to over 1,200 fintech startups, the region - alongside Africa - is seen as a prime area for Mastercard to explore and source independent collaborators.

“Startups are forming exciting and diverse new collaborations with traditional financial institutions, thereby enhancing competitiveness while also bringing a host of new services and products to market,” said Gaurang Shah, Mastercard’s Senior Vice President, Digital Payments & Labs MEA. “Mastercard is playing a central role in making these fintech partnerships a reality as their technology provider of choice. Technological advancement and innovation are steering the digital financial services industry as fintech players are becoming globally mainstream and an increasing influx of these players are competing with large traditional players. With the announcement, we are taking the next step in further empowering them to fulfill their ambitions of scale and speed.”

Find out more on the programme here.