Under the partnership, Amazon will adopt Mastercard's single touchpoint for payment processing across 40 markets, enabling faster, more secure transactions for merchants.
Payment card services firm Mastercard has partnered with Amazon Payment Services to digitize payment acceptance in the Middle East and Africa. Under the partnership, Amazon will adopt Mastercard’s single touchpoint for payment processing across 40 markets.
According to a press release shared with Bitcoin.com News on Monday (May 22, 2023), the solution is designed to enable fast, seamless, and secure transactions for merchants. Thousands of merchants in the United Arab Emirates (UAE) and Egypt will benefit from the partnership.
Mastercard Gateway, a payment card services firm’s solution, provides a single connection for customers to accept payments globally and expand into new markets. It also eliminates the need for manual card and password entry for online shoppers.
Expanding Payment Acceptance in the Middle East, Africa
The partnership will also reportedly create new opportunities for synergies with entities such as telcos and governments. Amnah Ajmal, Executive Vice President, Market Development, EEMEA, at Mastercard, said the collaboration helps Mastercard scale payment acceptance and accelerate the digitization of payments.
“We are excited to expand our partnership with Amazon Payment Services to drive the next wave of digital payment innovation in the Middle East and Africa,” Ajmal explained.
“This collaboration will enable thousands of merchants to accept payments seamlessly and cost-efficiently from consumers across multiple channels and devices. Together, we will continue to enhance the payment experience for merchants and consumers alike.”
Moreover, the two organizations have signed an innovation agreement to develop new checkout options and improve the customer experience.Commenting on the collaboration, Peter George, Managing Director, Amazon Payment Services, Middle East & North Africa, said:
“We are delighted to strengthen our collaboration with Mastercard, to deliver on our common goal of shaping the future of online payments in the region. Implementing Mastercard Gateway will empower us to expand our reach as a PSP and reduce the burden of integration since the advanced technology solution is connected to all major acquirers around the world.”