Mastercard, the leading technology company in the global payments industry, has selected leading cloud-based issuer payment processor Paymentology to join its Network Enablement Partner program in the MENA region. The partnership will offer new customers live issuance in accelerated time.
The Network Enablement Partner program is a Mastercard initiative to enrich the fintech and digital payment ecosystem in MENA and is part of Mastercard’s commitment to constantly adapting to the new digital environment, creating innovative solutions and programs to propel the transformation of the market.
J.K. Khalil, Country Manager, KSA & Bahrain, Mastercard noted: “We are delighted to welcome Paymentology as a Mastercard Network Enabling partner allowing fintech players to go to market faster, accelerate product innovation and optimize performance and operational efficiency. Paymentology is an invaluable player in the fintech ecosystem, and we look forward to working together to enhance the payment experience of our business customers and offer an unparalleled experience.”
Commenting on the partnership Founder and CEO of Paymentology, Shane O’Hara, “Mastercard has rapidly evolved its network in recent years, and we are thrilled to be joining its fintech Network Enabling program allowing Paymentology to further develop leading edge processing. Together, Mastercard and Paymentology are bringing the bank closer to its customer. Our flexible product configuration and customization will allow fintech players to go to market in record time with Bank Identification Numbers (BINs) ready to go live.”
Paymentology is one of the most advanced processing platforms in the world. It is recognized as a global leader at guiding banks to the forefront of the digital millennium with unparalleled flexibility, security and data-rich processing. Paymentology also leads the drive to provide scalable secure processing for the larger field of digitizing retail banks around the world.