https://adgully.me/post/4346/mastercard-ottu-boost-gcc-payment-access-via-gateway-partnership

Mastercard & Ottu Boost GCC Payment Access via Gateway Partnership

Mastercard, a global technology company in the payments industry, has signed a memorandum of understanding (MOU) with Ottu, a prominent fintech player in the Middle East region. This pioneering partnership is primarily focused on Ottu's integration of Mastercard Gateway, enabling a range of local payment methods in Kuwait, Qatar, Bahrain, and Oman.Mastercard Gateway offers advanced payment processing and fraud prevention technology to acquiring banks, merchants, micro-merchants, and technology partners. It provides its partners with the reach, security, and innovation to compete in the world of digital payments.Ottu provides an Online Payments Management Solution (OPMS) designed to streamline online payments, crafted to optimize online payment processes for enterprises across a wide spectrum of industries. Ottu’s solution also seamlessly connects various online sales channels and payment methods, harnessing Ottu's expertise in building an efficient ecosystem.Through this partnership, Ottu merchants can tap into these local payment methods through a streamlined integration, thereby bridging the gap between international payment networks.Talal AlAwadhi, CEO of Ottu, stated, "Our partnership with Mastercard Gateway is more than a strategic alliance. It's a vision for integrating global technological might with regional transactional traditions, ensuring the Gulf's payment ecosystem is robust and resonant with its users."Maria Parpou, Executive Vice President, Mastercard Gateway, said: “At Mastercard, we are committed to partnering with innovative fintech companies such as Ottu to bring advanced payment solutions to the region with the aim of fueling the growth of the digital economy. Mastercard Gateway offers a single connection to help local merchants accept payments globally, facilitating secure and seamless transactions that surpass customer expectations.”
https://adgully.me/post/3746/beyon-money-launches-new-digital-payment-solution-in-bahrain

Beyon Money launches new digital payment solution in Bahrain

Beyon Money, part of the Beyon Group, has launched Beyon Money Checkout, an innovative online payment acceptance solution for corporates and businesses in Bahrain. Delivered in partnership with Ottu, a leading financial technology company, the solution is reshaping the landscape of merchant services in Bahrain and other Middle Eastern regions.This collaboration with Ottu will support the expansion of Beyon Money’s services by empowering merchants in Bahrain to seamlessly integrate Beyon Money Checkout for their e-commerce channels. As part of their commitment to merchant solutions, Ottu will be offering Beyon Money’s payment solutions across its extensive merchant network in Bahrain and other regional markets.Beyon Money Check Out, the new online payment acceptance solution reduces the number of steps for processing payments when compared to traditional solutions, leading to cost savings for merchants. Furthermore, the solution benefits Beyon Money users through delivering a seamless payment experience, with transactions completed instantly by simply using their phone number registered with Beyon Money, instead of entering their payment card details.Beyon Money CEO Roberto Mancone commented, ”Beyon Money Checkout leverages its digital wallet, enabling merchants to receive instant payments from Beyon Money customers, at lower costs compared to traditional card payment methods. Together with Ottu, we will empower merchants while also elevating the online payment experience for Beyon Money customers.”Speaking about this transformative partnership, Ottu CEO Talal AlAwadhi said, "This partnership is a testament to our shared vision of simplifying transactions in Bahrain, the UAE, and the GCC. Ottu will spearhead the expansion of Beyon Money’s new payment service, Beyon Money Checkout, offering an advanced online payment solution that will redefine the way we conduct financial transactions."