{"id":47960,"date":"2024-03-07T14:57:37","date_gmt":"2024-03-07T11:57:37","guid":{"rendered":"https:\/\/saudishopper.com.sa\/en\/?p=47960"},"modified":"2026-03-28T05:19:16","modified_gmt":"2026-03-28T02:19:16","slug":"mastercard-and-first-abu-dhabi-bank-ink-exclusive-long-term-global-partnership-to-redefine-the-regions-payments-landscape","status":"publish","type":"post","link":"https:\/\/saudishopper.com.sa\/en\/mastercard-and-first-abu-dhabi-bank-ink-exclusive-long-term-global-partnership-to-redefine-the-regions-payments-landscape\/","title":{"rendered":"Mastercard and First Abu Dhabi Bank ink exclusive long-term global partnership to redefine the region\u2019s payments landscape"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>Riyadh, Saudi Arabia &#8211;<\/strong><strong>&nbsp;<\/strong><strong>07 March 2024:&nbsp;<\/strong>Mastercard and First Abu Dhabi Bank (FAB), the largest bank in the UAE, have announced an exclusive long-term global partnership, building on their long-standing collaboration, in the Eastern Europe, Middle East, and Africa (EEMEA) region. The landmark deal spans four markets \u2013 the UAE, Saudi Arabia, Oman, and Egypt \u2013 and will see the market leaders join forces to further fuel the region\u2019s digital payments ecosystem.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The large-scale collaboration will enable FAB to drive accelerated growth and innovation in the UAE and scale expansion plans in international markets. The partnership will deliver unique and disruptive products, services and solutions that are customized for the bank\u2019s priority consumer, SME and commercial segments, offering them more choice, flexibility and benefits.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The partners will harness new frontier technologies such as Artificial Intelligence (AI) to revolutionize the customer experience and drive efficiency, harnessing Mastercard\u2019s global expertise and the power of Mastercard\u2019s Global Center for Advanced AI and Cyber Technology, which is based in the UAE.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">With shared value creation at the heart of the partnership, Mastercard and FAB will develop initiatives and strategic programs as one unified team. The strategic partnership unlocks new ways of working that will enable closer day-to-day collaboration and a shared focus on long-term strategic growth.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2024\/03\/FAB-x-MA-2_ssict_1200_753.webp\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"643\" src=\"https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2024\/03\/FAB-x-MA-2_ssict_1200_753-1024x643.webp\" alt=\"FAB x MA 2_ssict_1200_753\" class=\"wp-image-47961\" srcset=\"https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2024\/03\/FAB-x-MA-2_ssict_1200_753-1024x643.webp 1024w, https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2024\/03\/FAB-x-MA-2_ssict_1200_753-300x188.webp 300w, https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2024\/03\/FAB-x-MA-2_ssict_1200_753-768x482.webp 768w, https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2024\/03\/FAB-x-MA-2_ssict_1200_753-400x250.webp 400w, https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2024\/03\/FAB-x-MA-2_ssict_1200_753-1080x678.webp 1080w, https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2024\/03\/FAB-x-MA-2_ssict_1200_753.webp 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cFAB and Mastercard share a commitment to spearheading excellence while keeping our customers at the heart of everything we do. We are delighted to deepen our partnership as we consolidate our portfolios, harnessing Mastercard\u2019s innovative product capabilities, differentiated service offerings and unique partnership approach. We are excited to usher in this new era to accelerate our growth and advance digital transformation across the region,\u201d said&nbsp;<strong>Futoon Al Mazrouei, Group Head of Consumer Banking, UAE, FAB.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cAt Mastercard, we are working side by side with leading ecosystem players to power economies, boost financial inclusion and build a sustainable, connected world where everyone can thrive. Our global collaboration with FAB represents a significant milestone on our shared journey of innovation and growth. We thank the bank for their partnership and look forward to leveraging our complementary strengths to drive disruption and redefine the payments landscape together,\u201d said&nbsp;<strong>Khalid Elgibali, Division President, Middle East and North Africa, Mastercard.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Mastercard and FAB have enjoyed a long-standing productive collaboration that has brought to life a series of world- and market-first differentiators spanning various segments, including the region\u2019s affluent customers. Most recently, the two partners launched the SlicePay Buy-Now-Pay-Later (BNPL) card under FAB\u2019s Dubai First trademark.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">FAB has also joined Mastercard\u2019s Priceless Planet Coalition, a global initiative that unifies corporate efforts to restore 100 million trees with the aim of contributing to the fight against climate change.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Riyadh, Saudi Arabia &#8211;&nbsp;07 March 2024:&nbsp;Mastercard and First Abu Dhabi Bank (FAB), the largest bank in the UAE, have announced an exclusive long-term global partnership, building on their long-standing collaboration, in the Eastern Europe, Middle East, and Africa (EEMEA) region. The landmark deal spans four markets \u2013 the UAE, Saudi Arabia, Oman, and Egypt \u2013 [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":47962,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_meta-robots-noindex":"","_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","_pr_autopilot_social_copy":"","_yoast_wpseo_opengraph_title":"","_yoast_wpseo_opengraph_description":"","_yoast_wpseo_opengraph_image":"","_yoast_wpseo_opengraph_image_id":0,"_yoast_wpseo_twitter_title":"","_yoast_wpseo_twitter_description":"","_yoast_wpseo_twitter_image":"","_yoast_wpseo_twitter_image_id":0,"_yoast_wpseo_primary_category":24,"_extra_hide_author_box":"","_extra_featured_post":"","_partner_post_id":0,"footnotes":""},"categories":[24],"tags":[],"class_list":["post-47960","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","et-has-post-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized 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