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Halal Business

Al Baraka partners with Mastercard to boost regional payments ecosystem

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The partnership will enable the bank to tap into new opportunities for business growth and consumer engagement through Mastercard’s extensive suite of products and services.

Monday 18, March 2019 BY KUDAKWASHE MUZORIWA

 Al Baraka Banking Group (ABG) has partnered with Mastercard to harness the two organisations’ collective expertise to drive the growth of the MENA region’s payments sector.

In a statement, Al Baraka stated that its diversified network, as well as the wide reach of its technologies and solutions in the Islamic banking space, will further drive the adoption of the latest payment innovations across the region.

Adnan Ahmed Yousif, the President and Chief Executive of ABG, said that the agreement with Mastercard allows the lender to utilise Mastercard’s global expertise, which will further enhance Al Baraka’s products and service offerings as well as capitalise on the bank’s large geographic presence.

The partnership will allow Al Baraka customers to experience the convenience, security and innovation synonymous with Mastercard products across the globe, added Khalid Elgibali, Division President for MENA, Mastercard.

 

TAGS : Mastercard, Al Baraka Banking Group

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