June 22, 2024

Ajman Bank Partners With Mastercard Boosting CBPS

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Ajman Bank and Mastercard's Partnership For Boosting P2P Cross Border Payments-Image courtesy: Ajman Bank

Ajman Bank has recently initiated a strategic partnership with Mastercard to launch cross-border payment services (CBPS) for person-to-person (P2P) fund transfers through Ajman Bank’s Digital Banking application. With this partnership, the bank offers real-time remittances across more than 40 countries worldwide through its digital banking platform.

Industry sources added that as a part of Ajman Bank’s digital strategy, one of the core importance of this collaboration is the introduction of instant remittance services, seamlessly integrated into ‘Ajman Bank Digital Banking’ app. 

Faizal Kundil – Head of Consumer Banking at Ajman Bank

Faizal Kundil – Head of Consumer Banking at Ajman Bank stated “At Ajman Bank, we are committed to contributing to the UAE’s development journey by providing state-of-the-art financial services. With this robust remittance platform, we will be able to address our customer’s needs by offering them almost real-time funds transfer through our Digital Banking.”

Mr. Kundil further added, “With its advanced technology, global expertise, and ever-growing remittance footprint, Mastercard is our preferred partner for cross-border remittances that will significantly enhance our customer offering and allow us to achieve global reach.”

Gina Petersen-Skyrme, Vice President and Country Business Development Lead, UAE & Oman, Mastercard

Gina Petersen-Skyrme, Vice President and Country Business Development Lead, UAE & Oman, Mastercard stated “For many people, remittances are a vital way to stay connected to their communities. At Mastercard, we are providing communities with fast, convenient, secure, and affordable ways to transfer funds internationally. We are delighted to deepen our relationship with Ajman Bank as we introduce Mastercard Cross-Border Services to its customers.”

Source

Also, Read: – More On Mastercard and Payment Partnerships

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