Jingle Pay opens up Mastercard’s network of 90 million global merchants for its users
DUBAIWATER, November 29, 2022 /PRNewswire/ — Jingle Pay, a UAE-based financial super app that provides money services, 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 worldwide. Through this partnership, Jingle Pay will launch physical and virtual cards to facilitate everyday transactions for people with and without a bank account.
Jingle Pay and Mastercard partnership, signing ceremony
JK Khalil, Cluster General Manager, MENA East, Mastercard said: “We are thrilled to partner 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 play a vital role in supporting the UAE’s digital transformation, and this partnership will further ensure that more people can enjoy the security 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 are still unbanked in the UAE. The collaboration between Jingle Pay and Mastercard reinforces their commitment to fostering financial inclusion through the power of digital payments. Jingle Pay caters to underserved expat communities, empowering them with a great, feature-rich financial app. With its first global in-app money transfer 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 opens up new ways for users to spend money on a global network, creating a borderless experience.
Amir Fardghassemi, Founder and CEO of Jingle Pay said, “Jingle Pay is changing the way users access financial services quickly and easily. We are committed to extending digital financial services to the world’s underserved population to improve safety and equality. Our partnership with Mastercard makes advancing our cause of financial inclusion. It leverages our unique remittance and money transfer capabilities, giving users more powerful and easier ways to spend their funds from the Jingle mobile app. Pay.”
Jingle Pay users have access to free spending accounts, virtual or physical prepaid cards – all wrapped up in an intuitive and seamless in-app experience. Jingle Pay aims to simplify the daily financial life of young adults who are looking for innovative and accessible alternatives to spending money.
According to the Mastercard New Payments Index, over 66% of users in the UAE have increased their use of at least one digital payment method over the past year. The super financial app is aimed at young expat adults who regularly send their hard-earned money back to their home country. Through this partnership, Jingle Pay extends its services beyond borderless money transfers, allowing its users to spend money across the world. Jingle Pay’s mission for financial inclusiveness is aligned with the UAE’s vision to build a cashless society and expand access to safe digital payment methods.
About JinglePay
Jingle Pay is a financial super app born in the United Arab Emirates, which offers its users a fast, no-cost, no-commitment digital account to reliably store, spend and send money in over 160 countries, in over 99 currencies, at the best exchange rates in the world. Jingle Pay’s operations span the entire MENAP region with a presence in the United Arab Emirates, Bahrain, Pakistan and Egypt. For more information, visit jinglepay.comand follow us @JinglePay on social media.
Jingle Pay Media Contact
Professor Christian Farioli
[email protected]
+971 454 7777 8
Gate District 4, Level 6, Unit 3
Dubai International Financial Center (DIFC)
dubaiUnited Arab Emirates
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SOURCEJingle Pay