Mastercard Expands Cross-Border Payments in Eastern Arabia

Users in the United Arab Emirates will soon be able to send money directly to bank accounts and mobile wallets, as well as withdraw cash at partner service points across several neighboring countries.

FinTech company Zand entered into a strategic partnership with Mastercard to scale payment infrastructure for cross-border transactions. As part of this collaboration, both sides aim to accelerate the development of the digital economy and financial inclusion in Eastern Arabia and beyond.

The first phase will enable Zand users to make international transfers with multiple payout options — to cards, bank accounts, and mobile wallets. Cash pick-up services will also be available. The integration is powered by the Mastercard Move solution, designed to facilitate fast and secure global payment flows for individuals and businesses.

Mastercard Move is a unified portfolio of money-movement solutions that supports P2P transfers, business payments, and various disbursements via a single API. The platform currently covers more than 95% of the world’s banked population across 180+ countries and supports 150 currencies.

This partnership will connect more people and businesses to traditional financial infrastructure while unlocking the potential of AI, blockchain technologies, and modern FinTech solutions, which are Zand’s core focus.

In April 2025, Mastercard launched a stablecoin transaction platform to make digital assets more accessible for everyday use and realize their potential as a payment instrument.

Сообщение Mastercard Expands Cross-Border Payments in Eastern Arabia появились сначала на CoinsPaid Media.