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Jingle Pay announces strategic partnership with Mastercard

By Leandra Monteiro

November 29, 2022

  • Digital Payments
  • Domestic Payments
  • Financial Inclusion

Mastercard, Jingle Pay Jingle Pay, a UAE-based financial super-app providing money services, has announced a strategic partnership with Mastercard to provide digital payment solutions that will drive financial inclusion.

Users can now access the power and scale of the Mastercard network, which includes over 90 million merchants across the globe. Through this partnership, the payment company will launch physical and virtual cards to facilitate everyday transactions for people whether or not they have a bank account.

J.K. Khalil, Cluster General Manager, MENA East, Mastercard said, “We are delighted to join forces 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 these are playing a vital role in supporting the UAE’s digital transformation journey, and this partnership will further ensure that more people can enjoy the safety and convenience of digital payments as we work towards inclusion for all.

The collaboration between Jingle Pay and Mastercard solidifies their commitment to driving financial inclusion through the power of digital payments. Jingle Pay caters to underserved expat communities, empowering them through a feature-rich financial super app.  Through its in-app remittance marketplace, it also allows users to send money instantly to over 160 destinations in over 99 currencies at the best exchange rates. With the Mastercard partnership, the payment company now unlocks new ways for users to spend money across a global network, creating a borderless experience.

Amir Fardghassemi, founder and CEO of Jingle Pay said, “Our company is changing how users access financial services quickly and easily. We are committed to extending digital financial services to the world’s underserved population to improve security and equality. Our partnership with Mastercard furthers our cause of financial inclusion. It builds on our unique remittance and money transfer capabilities, offering users more powerful and easier ways of spending their funds from the Jingle Pay mobile application.”

Jingle Pay users get access to free spending accounts, virtual or physical prepaid cards and seamless in-app experience. It focuses on simplifying the daily financial lives of young adults who are seeking accessible alternatives to spending money.

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