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Mastercard joins forces with MyMonty to escalate digital payments and amplify financial inclusion in Lebanon, enhancing efficiency and security for individual and corporate transactions.

MyMonty amplifies its digital payment services, offering enhanced solutions to individuals and businesses, boosting transaction speed and security.

In partnership with Mastercard, MyMonty intends to expand digital payment options, aiming to...
In partnership with Mastercard, MyMonty intends to expand digital payment options, aiming to enhance financial accessibility and transaction security in Lebanon for both individuals and businesses.

Mastercard joins forces with MyMonty to escalate digital payments and amplify financial inclusion in Lebanon, enhancing efficiency and security for individual and corporate transactions.

In a significant move towards modernising Lebanon's financial landscape, fintech company MyMonty has announced a partnership with global payment solutions giant Mastercard. The collaboration aims to accelerate the adoption of digital payments in Lebanon, supporting the country's transition to a digital-first economy.

Based in Lebanon, MyMonty specialises in digital payment solutions, and this strategic alliance with Mastercard is set to scale their services, enhancing transaction speed, reliability, and safety. With Mastercard's extensive global network and advanced payment technology, MyMonty users will be empowered with advanced security features, enabling them to manage their money more conveniently and conduct transactions locally and internationally with confidence.

The partnership has several key goals, including fast-tracking Lebanon's transition towards a digital economy, enhancing the security and convenience of financial transactions, and providing individuals and businesses with advanced digital payment solutions. It also aims to expand access to digital payments with confidence and reliability for local and international commerce, supporting the modernization of Lebanon’s financial infrastructure.

Adam Jones, EVP and Division President of Mastercard's West Arabia division, expressed his commitment to driving payment innovation and making digital payments more accessible. "This partnership is a step forward in Lebanon's digital transformation," he said. Antoni Lorfing, CEO of Monty Finance, echoed this sentiment, stating that the collaboration brings them closer to a truly cashless economy.

The collaboration could potentially fuel the growth of Lebanon's digital economy, contributing significantly to financial inclusion. Mastercard's partnership with MyMonty is aimed at unlocking new opportunities for consumers to access digital payments solutions, making it easier for individuals to manage their money and conduct transactions securely.

MyMonty's digital payment solutions will be scaled, enhancing transaction efficiency and security. Users can spend with confidence at home and abroad, knowing that their transactions are secure and reliable. This partnership marks a significant milestone in Lebanon's financial transformation and is a testament to MyMonty's commitment to driving payment innovation in the country.

Sources: [1], [2], [3]

[1] MyMonty Press Release. (2022). MyMonty and Mastercard Partner to Boost Digital Payments in Lebanon. Retrieved from https://www.mymonty.com/press-release/mymonty-and-mastercard-partner-to-boost-digital-payments-in-lebanon

[2] Mastercard News Centre. (2022). Mastercard and MyMonty Partner to Drive Payment Innovation in Lebanon. Retrieved from https://newsroom.mastercard.com/middleware/press-release/Mastercard-and-MyMonty-Partner-to-Drive-Payment-Innovation-in-Lebanon/

[3] Middle East. (2022). MyMonty and Mastercard Partner to Boost Digital Payments in Lebanon. Retrieved from https://www.middleeast.com/business/myMonty-and-Mastercard-Partner-to-Boost-Digital-Payments-in-Lebanon-1140261

  1. The partnership between MyMonty and Mastercard will help scale MyMonty's digital payment solutions, aiming to enhance transaction speed, reliability, and safety.
  2. With Mastercard's advanced payment technology and extensive global network, MyMonty users will benefit from advanced security features, allowing them to manage their money conveniently and conduct transactions locally and internationally with confidence.
  3. The collaboration between MyMonty and Mastercard has several key goals, including fast-tracking Lebanon's transition towards a digital economy, expanding access to digital payments, and enhancing the security and convenience of financial transactions for individuals and businesses.
  4. This partnership could potentially fuel the growth of Lebanon's digital economy, contributing significantly to financial inclusion, while unlocking new opportunities for consumers to access digital payments solutions.

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