Mastercard Fintech Express brings Jordan Kuwait Bank as a global partner

By Leandra Monteiro

Mastercard brought Jordan Kuwait Bank (JKB) as a global partner to Mastercard Fintech Express, which brings together tech-savvy start-ups. The program supports digital payment innovators by facilitating collaboration with technology companies and their partners to bring new products to market, add payment solutions and innovate through collaboration.

The partnership will enable other FinTech players to quickly launch their Mastercard issuing business and unlock more opportunities across the ecosystem. NEC Payment is the world’s first FinTech Express partner, expanding the possibilities for start-ups.

Mastercard Fintech Express was launched last year and is divided into three core modules. Access allows regulated businesses to obtain a Mastercard license and gain access to the network through a streamlined onboarding process. Build helps FinTech processors become Express partners by building their own technical alliances and taking advantage of the benefits of Mastercard. With Connect, start-ups looking to add payment solutions to their product portfolio can easily connect with authorized Express partners available on the Mastercard Engage web portal and go live with Mastercard in a matter of days.

“In an ever-changing market environment, Mastercard is continuously adapting by creating new programs and partnerships to enable diversification, drive digital transformation and accelerate new entrants. We are delighted to welcome Jordan Kuwait bank as our global partner as together we support fintech innovation, creating more connections, better user experiences, wider inclusion, increased competitiveness and exciting new opportunities, said Adam Jones, Country Manager, Saudi Arabia, Egypt, Bahrain and the Levant, Mastercard.

Suhail AlSalman, Head of Retail at Jordan Kuwait Bank commented, “Being the first bank in Jordan to be selected for Mastercard’s Fintech Express program underscores its continued commitment to becoming a leader in Jordan’s payments landscape. Through this partnership, JKB will be able to formally enter new market segments , connect with startups/FinTechs and offer payment solutions to accelerate their growth, ultimately allowing JKB to grow with them. Mr. Salman added, “We continue to develop a wide range of business capabilities in partnership with Mastercard, adding value that an enabler of the Fintech ecosystem and as the vertically integrated true Payment-as-as-Service provider in the MENA region, helping and meeting the needs of new start-ups.”

In addition to Mastercard’s growth-oriented digital expertise, the technology company has a global reach, a network of partners and local knowledge to support FinTech in all phases of growth, from market entry to global expansion. Through programs such as Start Path and Fintech Express in the Mastercard Accelerate portfolio, technology companies are working with emerging innovators to connect 1 billion people to the digital economy by 2025.