Zand, an AI-driven fintech in the UAE, has partnered with Mastercard to optimise cross-border payments by leveraging Mastercard Move’s solutions.
The collaboration aims to improve the secure and efficient international money movement services offered by Zand. The fintech and financial services group will offer payment solutions, including deposits into bank accounts and wallets in multiple markets and cash pick-up services utilising Mastercard Move’s features.
Improving cross-border money movement
Zand is a fully licensed, all-digital, AI-powered bank in the UAE, creating opportunities for tailored fintech solutions, API integrations, and digital banking infrastructure support. The company aims to bridge the gap between TradFi and DeFi, supporting the digital economy by leveraging AI and blockchain technology. It aims to offer the speed and innovation of a fintech combined with the security and trust of a bank, enabling its clients to better navigate the ever-evolving digital landscape.
The two companies share a commitment to advancing the digital economy, contributing to developments in the industry, and helping drive financial inclusion and economic opportunity in the UAE.
The alliance will connect individuals and businesses to the financial system, helping the underserved communities of the region and offering new solutions across the payments landscape. Zand’s mission is to accelerate growth in the digital economy and leverage the potential of AI, blockchain, and payments technology, driven by the rapidly growing and evolving payments ecosystem in the region.
Mastercard Move’s range of capabilities enables fast, secure, and efficient fund transfers around the globe, supporting a variety of payment flows, such as P2P transfers, business payments, and disbursements, with multiple payout options including cards, bank accounts and mobile wallets. To serve the underbanked communities from around the world, cash payouts are available on Mastercard’s global network of cash pickup locations.
