Mastercard, a U.S. multinational payment card services firm, has partnered with Amazon Payment Services to digitize payment acceptance in the Middle East and Africa. Under the partnership terms, Amazon Payment Services will adopt Mastercard’s single touchpoint for payment processing as its payment solution across 40 markets.

The solution is expected to enable fast, seamless, and secure transactions for merchants. Thousands of merchants in the United Arab Emirates (UAE) and Egypt will benefit from the partnership, which will also create new opportunities for synergies with entities such as telcos and governments.

Amnah Ajmal, Executive Vice President, Market Development, EEMEA, at Mastercard, said the collaboration helps Mastercard scale payment acceptance and accelerate the digitization of payments.

In addition to signing a multi-year commercial partnership, the two organizations signed an innovation agreement to develop new checkout options and improve the customer experience. Peter George, Managing Director, Amazon Payment Services, Middle East & North Africa, commented on the collaboration:

We are delighted to strengthen our collaboration with Mastercard, to deliver on our common goal of shaping the future of online payments in the region. Implementing Mastercard Gateway will empower us to expand our reach as a PSP and reduce the burden of integration since the advanced technology solution is connected to all major acquirers around the world.

Known as Mastercard Gateway, the payment card services firm’s solution offers a single connection for customers to accept payments globally and expand into new markets. The statement said it also eliminates the need for manual card and password entry for online shoppers.

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