June 22, 2024

Ajman Bank Partners With Mastercard Boosting CBPS

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.”


Also, Read: – More On Mastercard and Payment Partnerships



Alexander Budyakov, Head of Enterprise at Paysend
Paysend collaborates with RemotePass
Alberto Araque, CEO, e& enterprise IoT & AI, and Ahmad Alwazzan, EVP and Managing Director of Tap Payments in the UAE.
e& enterprise partners with Tap Payments
Emirates NBD Head Office
Emirates NBD unveils SustainTech Accelerator Program
  • Tamkeen Insurance banner
  • International Assurance


Sprhava 887x444
Schneider Electric And Aveva Forges Partnership With IN-CORE Systèmes To Boost EV Battery Production Process
Aditum and Standard Chartered partner on first-of-its-kind fund structure wherein Ten funds approved; four already funded
Azizi Developments And Xylem Partnership For Riviera, Vista And Beach Oasis with the most technologically advanced, high-quality transfer-, booster-, and chilled-water pumps and sump pumps