Mastercard welcomes NymCard as its newest Network Enablement Partner

Mastercard partnered Abu Dhabi-based BaaS provider. Source:?shutterstock.com

Mastercard has welcomed the banking-as-a-service provider and modern card issuing platform, NymCard. The company has joined Mastercard Network Enablement Partner program, providing it with the ability to deliver Issuances in record time.

As a Network Enablement Partner, NymCard gets direct connectivity with Mastercard, providing it with access to Mastercard’s core assets: network, reach, solutions and information to unlock opportunities for disruption, transformation and growth within the region’s digital payments ecosystem.

The Network Enablement Partner initiative forms part of Mastercard’s commitment to catalyzing the fintech and digital payments ecosystem, emphasizing NymCard’s role as a leading fintech enabler.

Abu Dhabi-based NymCard offers a cloud-based or on-premises modern payment issuing and processing platform, allowing fintechs, large enterprises, and banks to instantly create, control, and distribute virtual or physical payment cards.

We’ve reported that transaction volumes for mobile payments to grow by more than 90% over 2 years.

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