Dubai: The financial services arm of e& has struck a partnership with Mastercard for a pre-paid card, which allows users to make international fund transfers, make peer-to-peer payments, etc. e& money has in the recent past been growing the number of services that users can subscribe to using the platform, including buying insurance.

“Our partnership with Mastercard will reinforce our goal of becoming the region’s leading financial super-app,” said Khalifa Al Shamsi, CEO, e& life. “The card will enable e& money to drive financial inclusion in the UAE and make digital payments accessible to all segments of our society.”

e& money customers were already able to make payments at integrated points-of-sale. With the Mastercard tie-up, they can make in-store or online payments instantly, from anywhere in the world. A ‘digital-first’ card, customers will initially have virtual cards for online payments and can ‘soon request physical cards for offline payments’.

More to follow…