Introduction
In a landmark multi-year agreement, Mastercard and Amazon Payment Services have joined forces to revolutionize digital payment acceptance across the Middle East and Africa (MEA). The collaboration will span several countries, including Bahrain, Egypt, Jordan, Kuwait, Lebanon, Oman, Qatar, South Africa, and the UAE, aiming to drive seamless and secure payment processing for businesses and consumers alike.
Introducing Mastercard Gateway for Enhanced Payment Processing
Central to this partnership is the adoption of the Mastercard Gateway, a comprehensive solution that offers a single touchpoint for payment processing across 40 markets in the MEA region. The integration of Mastercard Gateway into Amazon Payment Services’ platform will empower merchants to deliver fast, secure, and frictionless transactions while providing customers with a variety of payment options.
Expanding Digital Payment Acceptance for Merchants
As the demand for digital payments surges, the partnership between Mastercard and Amazon Payment Services will benefit thousands of merchants in the region, including those operating Amazon's online stores in the UAE and Egypt. By enabling faster and more secure transactions, this collaboration is set to drive growth opportunities for businesses. Furthermore, it will create synergies with telecom companies and governments to optimize checkout processes for customers in key markets.
Paving the Way for Payment Innovation
In addition to the payment processing integration, the two organizations have signed an innovation agreement aimed at enhancing the checkout experience for merchants and consumers. This includes the development of solutions like Secure Card on File, Click to Pay, and token authentication services, all designed to offer multi-rail payment options and faster checkout experiences.
Mastercard’s Vision for Scaling Payment Acceptance
Amnah Ajmal, Executive Vice President of Market Development, EEMEA at Mastercard, highlighted the significance of the collaboration, stating, “We are proud to partner with Amazon Payment Services to scale payment acceptance and accelerate the digitization of payments with innovative solutions." The partnership underscores Mastercard's commitment to fostering a more secure and efficient digital payment ecosystem in the MEA region.
Empowering Merchants with Seamless Global Integration
Peter George, Managing Director of Amazon Payment Services in the Middle East & North Africa, expressed excitement about the expanded partnership with Mastercard, emphasizing the benefits for merchants and businesses. “Implementing Mastercard Gateway will empower us to expand our reach as a PSP and reduce the burden of integration, as the advanced technology is connected to all major acquirers around the world,” he said.
Mastercard Gateway: A Global Solution for Safe and Easy Payments
The Mastercard Gateway solution offers merchants a streamlined way to accept payments globally while safeguarding them from fraud and other risks. By simplifying digital checkout experiences, it removes the need for manual card and password entry, ensuring a frictionless online shopping process for customers. As one of the largest payment gateways in the region, Mastercard Gateway supports a wide range of transactions, from leading card brands to non-card payment methods.
Amazon Payment Services: Supporting the Growth of Online Payments in MENA
Amazon Payment Services continues to lead the charge in enabling online payments across the MENA region. Supporting over 4,000 merchants and businesses, the company provides payment solutions across the UAE, Saudi Arabia, Egypt, Jordan, Lebanon, Qatar, Kuwait, Oman, and Bahrain. Through this partnership with Mastercard, Amazon Payment Services is further cementing its role as a key enabler of digital financial solutions in the region.
