NOW Money partners with Mastercard

NOW Money, a digital payroll and banking platform for migrant workers in the Gulf countries, has partnered with Mastercard to increase financial inclusion.

Through the partnership, NOW Money said its users will be issued a Mastercard payment card to provide them with access to their finances and enable them to “participate in the digital economy.”

The NOW Money Mastercard payment card can be used online and around the world in stores and at ATMs.

The card includes security features from Mastercard such as fraud detection and EMV chip technology.

Additionally, the card will be integrated with the NOW Money app to enable users to handle payments, transfers and other transactions from their mobile phones.

Gina Petersen-Skyrme, vice president, country manager, UAE and Oman at Mastercard said that its collaboration with NOW Money will integrate thousands of unbanked individuals into the digital economy.

NOW Money was founded in 2016 with the aim of providing mobile banking services for workers of all income levels who may have previously found themselves overlooked and underserved.

The social enterprise said the agreement with Mastercard aligns with its mission to improve the financial wellbeing of its users.

“This collaboration is a significant step towards our vision of total financial inclusion, ensuring our customers have the tools they need to participate fully in the digital economy, with a financially connected world supporting and empowering everyone,” said Nicolas Andine, chief executive of NOW Money.

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