Mastercard has onboarded Jordan Kuwait Bank (JKB) as a global partner of Mastercard Fintech Express, a programme supporting innovative financial technology firms.
Mastercard Fintech Express, which launched in 2020, supports digital payment innovators by facilitating collaboration with the tech companies and their partners to bring new products to the market, add payment solutions, and innovate through collaboration.
Adam Jones, country general manager, Saudi Arabia, Egypt, Bahrain & Levant, Mastercard, said: “In a constantly changing market environment, Mastercard is continuously adapting by creating new programs and partnerships to enable diversification, drive digital transformation and accelerate new players.
“We are delighted to welcome Jordan Kuwait bank as our global partner as we together support fintech innovation, and creation of more connections, better user experiences, wider inclusion, increased competitiveness, and exciting new possibilities,
Mastercard Fintech Express is split into three core modules.
- Access lets regulated businesses obtain a Mastercard licence and access the network through a streamlined onboarding process
- Build helps fintech processors become Express Partners by building their own tech alliances and benefit from working with Mastercard
- Connect helps startups looking to add payment solutions to their array of products. They can connect with Express Partners available on the Mastercard Engage web portal and go live with Mastercard in days
Suhail AlSalman, head of retail business at Jordan Kuwait Bank, said: “Being the first bank in Jordan to be selected for Mastercard’s in Fintech Express program underscores its continued commitment to becoming a leader in Jordan’s payment landscape.
“Through this partnership, JKB will be able to formally enter new market segments, connect with startups/ fintechs and provide payment solutions to accelerate their growth, ultimately allowing JKB to grow with them.
“We continue to develop a broad range of business capabilities in partnership with Mastercard, adding value as an enabler to the fintech ecosystem and as the vertically integrated true payment-as-as-service provider in the MENA region, helping and meeting the needs of emerging startups.”
