Dubai-based fintech Kamel Pay partners with Mastercard for new payments solutions – ITP.net

Dubai-based fintech Kamel Pay partners with Mastercard for new payments solutions – ITP.net

Dubai-based fintech Kamel Pay has partnered with Mastercard to launch two payments solutions for businesses and individuals in the UAE. The partnership will see the launch of two card products designed to meet the growing needs of businesses and underbanked individuals, supported by a digital app powered by Mastercard’s contactless payment technology.   

“This partnership will enable the much-required financial inclusion for the UAE’s underbanked population through state-of-the-art Kamel Pay digital app offering relevant and affordable financial services for their personal and family needs,” said Hussain Al Qemzi, Chairman, Kamel Pay.

Fully compliant with Wages Protection Scheme (WPS), the PayD card has been developed for the unbanked labor force in the country and will provide them with financial services designed to meet their everyday payment needs. The product enables cardholders to use their card or digital app for purchasing goods offline or online with various merchants, pay utility bills and send money to their loved ones, offering them a secure and seamless digital payment experience.