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Jingle Pay Partners with Mastercard to boost financial inclusion

Cision PR Newswire

Jingle Pay, a UAE-based financial super-app providing money services, has announced a strategic partnership with Mastercard to provide innovative digital payment solutions that will drive financial inclusion.

Jingle Pay users can now access the power and scale of the Mastercard network, which includes over 90 million merchants across the globe. Through this partnership, Jingle Pay will launch physical and virtual cards to facilitate everyday transactions for people whether or not they have a bank account.   

Jingle Pay and Mastercard partnership, signing ceremony
Jingle Pay and Mastercard partnership, signing ceremony

J.K. Khalil, Cluster General Manager, MENA East, Mastercard said: “We are delighted to join forces with Jingle Pay as we harness the power of innovation and technology in our efforts to connect 1 billion people to the digital economy by 2025. Fintechs like Jingle Pay are playing a vital role in supporting the UAE’s digital transformation journey, and this partnership will further ensure that more people can enjoy the safety and convenience of digital payments as we work towards inclusion for all.

The UAE Federal Competitiveness and Statistics Authority reports that around 1.7 million people remain unbanked in the UAE.The collaboration between Jingle Pay and Mastercard solidifies their commitment to driving financial inclusion through the power of digital payments. Jingle Pay caters to underserved expat communities, empowering them through a feature-rich financial super app.  Through its world-first in-app remittance marketplace, Jingle Pay also allows users to send money instantly to over 160 destinations in over 99 currencies at the best exchange rates. With the Mastercard partnership, Jingle Pay now unlocks new ways for users to spend money across a global network, creating a borderless experience.