https://adgully.me/post/3970/mastercard-partners-with-tmam-to-help-gcc-smes-digitize-corporate-expenses

Mastercard partners with tmam to help GCC SMEs digitize corporate expenses

 Mastercard has entered a strategic partnership with tmam - one of the leaders in multi-currency corporate card, expense management and accounts payable solutions for SMEs - to launch its innovative payment proposition across the GCC region. The collaboration will help small businesses digitize their corporate expenses while saving money on company spend.With a transparent fee structure and deep integration into leading accounting platforms, tmam provides unlimited physical and virtual cards in regional currencies, including USD, with EUR and GBP to follow, to businesses of any size worldwide. Through its partnership with Mastercard, tmam customers will be able to access a range of benefits through a simple digital onboarding experience via the tmam app, allowing them to transact seamlessly physically and online. The payment solution for SMEs will help improve expense tracking for their branch offices. In addition, the companies can monitor the spend of all their remotely-located staff and branches, reducing the cost of doing business in the local currency. The new proposition will also enable organizations to save on fees while paying USD invoices and streamline all recurring expenditure into one platform.“SMEs are crucial drivers of the economy. Guided by our pledge to connect 50 million small enterprises globally to the digital economy by 2025, we are delighted to partner with tmam to deliver our innovative payment solutions to SMEs. Our collaboration will contribute to accelerating digital transformation and enhancing financial inclusion in the region while providing companies with practical tools that align with their business and operational needs, and facilitate their access to the digital economy,” said Amnah Ajmal, Executive Vice President, Market Development,EEMEA, Mastercard.“As one of the leading regulated corporate multi-currency spend platforms in the GCC, we are thrilled to work closely with Mastercard to provide our clients a financial operating ecosystem navigating multi-geographical operations and transactions spanning a myriad of currencies powered by smart physical and virtual corporate cards. Augmented by intuitive software, these cards empower meticulous oversight and control of departmental budgets, eliminating any worry on where and how your money is being spent. With the backing of Mastercard’s platform, they can be utilized seamlessly across the vast expanse of online retailers and global merchant locales,” said Maseeh Ahmed, Founder and CEO, tmam.Pursuing its vision of financial automation, tmam works closely with its clients to build solutions by them and not for them. Supporting the company are leading fintech investors, such as Aditum, JIMCO, Plus VC, and a number of strategic angels stretching from Silicon Valley to South Africa and the Middle East.
https://adgully.me/post/3224/mastercard-delivery-hero-partnership-to-fuel-e-commerce-growth

Mastercard-Delivery Hero partnership to fuel e-commerce growth

Mastercard’s strategic partnership with Delivery Hero, the world’s leading local delivery platform, continues to fuel the growth of the ecommerce in the Middle East and North Africa (MENA) region.Since announcing a large-scale collaboration aimed at digitalizing Delivery Hero’s payment chain in 2020, the two companies have seen the number of transactions through its platforms more than double. Over the past three years, Mastercard has been partnering with Delivery Hero to facilitate seamless payment acceptance across its operating entities in MENA, while adding value for consumers across millions of transactions.Between 2020 and 2022, the number of Mastercard food order transactions on Delivery Hero’s apps increased by more than 100%. Hundreds of thousands of customers across MENA have benefitted from its always-on Customer Value Proposition (CVP), offering Mastercard cardholders’ access to unique discounts and benefits. Delivery Hero’s MENA region had a Gross Merchandise Value (GMV) growth accelerating to 21% YoY in Q2 2023 in constant currency (Q1 2023: 16% YoY), due to strong customer demand.Amidst a clear and sustained shift to ecommerce for food and grocery deliveries, Mastercard has committed to supporting the growing appetite among MENA consumers by facilitating secure and convenient digital transactions. In a first collaboration of its kind in the region, the company recently joined forces with Abu Dhabi Commercial Bank (ADCB) and talabat UAE to launch the talabat ADCB Mastercard Credit Card that maximizes rewards for day-to-day delivery orders. The new card offers seven food-themed designs tailored to different types of food enthusiasts, and can easily be applied for digitally through the talabat app.“Mastercard remains focused on providing a superior consumer experience to its partners. As part of our partnership with Delivery Hero, we are continuously innovating the consumer experience to enable a best-in-class proposition for consumers. The recent talabat cobrand card launch is just another example of how we are bringing benefits and convenience to our cardholders,” said Amnah Ajmal, Executive Vice President, Market Development, Eastern Europe, Middle East and Africa, Mastercard.“Our landmark partnership with Mastercard, built on our shared passion for innovation, enables us to provide unprecedented benefits to our customers while boosting operational efficiencies and eliminating the need for cash across our value chain. Together, we are setting new benchmarks for ecommerce solutions of the future,” said Emmanuel Thomassin, CFO, Delivery Hero.By pushing further adoption of digital payments, the partnership with Delivery Hero continues to create a superior customer experience and financial security for consumers, riders and restaurants, support the growth of digital inclusion across the region and additionally drives operational efficiencies across Delivery Hero’s platforms.