Zand , an AI-powered Fintech and financial services group in the United Arab Emirates, has announced the signing of a strategic agreement with Mastercard to collaborate on enhancing cross-border payment solutions. Leveraging Mastercard Moves money movement solutions, this collaboration will enable seamless, secure, and efficient cross-border money transfers offered by Zand to its customers.
In the first phase of the collaboration, Zand will offer payment solutions, such as deposits into bank accounts and wallets in multiple markets, as well as convenient cash pick-up services, using Mastercard Move's capabilities. This underscores Mastercard and Zand's joint commitment to advancing the digital economy, and driving innovation and financial inclusion in the region's financial services landscape.
At Mastercard, we are committed to driving innovation across the region's payments landscape. Our collaboration with Zand will connect more people and businesses to the financial system, helping drive greater financial inclusion and economic opportunity in the UAE and across the region."
