Magnati (website), a MENA payment solutions provider powered by the First Abu Dhabi Bank, joins the Mastercard Fintech Express program, which helps FinTech companies issue cards and credentials. Mastercard connects startups with financial institutions such as banks to provide customized solutions, customizable licensing frameworks and a single point of contact for provincial FinTechs to accelerate the adoption of card programs.
Kazim Kirmani, MD and Head of International Business at Magnati, said, “Magnati’s commitment to improving the payments ecosystem will receive a boost with this partnership. Through the program, we will continue to offer the same market-leading products to power fintechs’ payments infrastructure, but with the ability to reach a broader audience and deliver impact quickly. We are excited to work with Mastercard to offer fintechs the next generation of solutions.”
J.K. Khalil, Cluster General Manager, MENA East, Mastercard, said, “Mastercard continuously works with our partners to support startups in their digital transformation. We are pleased to welcome Magnati as an Engage partner in our Fintech Express program as we continue to help startups scale quickly and focus on delivering innovative products and solutions that drive the digital economy.”
Mastercard Fintech Express is one of many FinTech offerings within the Mastercard Developers portfolio. Mastercard Developers provides the services and tools FinTech innovators need to iterate, transform bold ideas and scale quickly at every stage of their journey. The portfolio includes solutions, an API platform, a partner network, startup programs and a fintech community.