UAB appoints Mastercard as exclusive partner

dubai — United Arab Bank (UAB) and global payment technology leader Mastercard recently a milestone agreement, making Mastercard the preferred and exclusive partner for credit, debit and commercial cards issued by the bank.

The partnership supports UAB as it confidently continues charting a growth path towards a promising future, based on an ambitious digital strategy, supported by Mastercard’s extensive range of innovative payment solutions, global network, and portfolio of value-added services. With 82 per cent of UAE consumers now considering contactless as their most preferred payment method, all new cards under the partnership will offer contactless capabilities.

Ahmad Abu Eideh, chief executive officer of UAB, said: “We look forward to bring Mastercard’s first-class products, seamless services, benefits and superior user experience to our customers in the UAE. Customer convenience lies at the heart of all our initiatives. We are committed to offer banking solutions to our customers each day.”

Girish Nanda, country manager for the UAE and Oman at Mastercard, said: “Through the power of partnerships, we closely collaborate to benefit all — including consumers, merchants, business partners, governments and the communities we serve — and as such, we are delighted to mark this landmark partnership with UAB. We commend the foresight of UAB as it sets a long-term vision for its own success, while offering Mastercard’s renowned network, reach and security for its cardholders.”