Ajman Bank, a leading Islamic bank in the United Arab Emirates, has announced a strategic partnership with Mastercard to promote sustainable solutions in the financial sector.
The partnership aims to foster financial inclusion while supporting environmentally friendly practices within the banking industry. As part of the collaboration, Ajman Bank will leverage Mastercard’s expertise and cutting-edge technology to develop innovative solutions that align with the bank’s commitment to sustainability.
One of the key objectives of the partnership is to encourage the adoption of digital payments and reduce reliance on cash transactions. By promoting electronic payments, Ajman Bank aims to create a more efficient and secure banking ecosystem while minimizing the environmental impact associated with printing and transporting physical currency.
“We are excited to join forces with Mastercard in our pursuit of sustainable banking practices,” said Mr. Ahmed Amiri, CEO of Ajman Bank. “This partnership will allow us to offer state-of-the-art payment solutions to our customers, enabling them to seamlessly transact in a secure and convenient manner while contributing to a greener future.”
Mastercard, a global leader in innovative payment solutions, is committed to driving sustainable practices across various industries. By teaming up with Ajman Bank, Mastercard aims to enhance financial inclusion in the region by providing cutting-edge digital payment technologies that cater to consumers’ evolving needs.
The partnership also aims to develop digital payment solutions that align with the United Nations Sustainable Development Goals (SDGs), particularly relating to affordable and clean energy, responsible consumption and production, as well as climate action. By integrating sustainability considerations into their operations, Ajman Bank and Mastercard seek to create a positive impact on society and the environment.
As part of the collaboration, Ajman Bank will introduce contactless payment solutions, such as Mastercard’s Tap & Go technology, to offer customers a seamless and secure payment experience. This will not only enhance the speed and convenience of transactions but also contribute to efforts in reducing the spread of diseases through reduced physical contact.
“The partnership between Ajman Bank and Mastercard is a significant step towards driving sustainable development in the UAE.”
The partnership between Ajman Bank and Mastercard is expected to bring forth considerable advancements in the banking sector of the UAE. By combining their expertise with a shared vision for sustainability, the two organizations are poised to create innovative solutions that address the evolving needs of customers while promoting positive change in the financial industry.
About Ajman Bank
Ajman Bank is a leading Islamic bank headquartered in the Emirate of Ajman, United Arab Emirates. The bank offers a wide range of Sharia-compliant products and services across various segments, including retail, corporate, and investment banking.
About Mastercard
Mastercard is a global technology company in the payments industry. From secure transactions to empowering economies, it connects consumers, financial institutions, merchants, governments, and businesses worldwide, enabling them to use electronic forms of payment safely, securely, and efficiently.