Mastercard taps EazyPay for checkout innovation

Mastercard, a leading global payments technology company, has announced a partnership with Bahrain’s top fintech and payment service provider, Eazy Financial Services (EazyPay). Under the partnership, EazyPay will now be powered by Mastercard Payment Gateway Services (MPGS), a trusted platform that provides financial institutions with a white-label technology for payment processing and fraud prevention.

MPGS is one of the largest gateways in the region, utilized by many players in the financial ecosystem. It enables partners to accept a wide range of digital transactions easily and securely, including all leading card brands and other non-card payment methods. This partnership is in line with Bahrain’s Economic Vision 2030, which aims to develop a robust entrepreneurship ecosystem and invest in frameworks that seek to support the digital transformation of the SME sector, which contributes around 30% of Bahrain’s GDP.

In August 2022, Eazy made the Forbes list of top 25 fintech companies in the Middle East. In 2021, the company launched its EazyPay POS terminals, which allowed local merchants and SMEs to accept contactless payments. With 900+ merchants and 5,692 POS terminals across Bahrain, Eazy Financial helped to process transactions worth a total of $502 million in 2021 and plans to double this amount by 2023.

Mastercard is committed to driving sustainable growth and inclusion of small businesses across the landscape and its fintech partnerships are delivering experience-centric, innovative solutions across the financial services ecosystem. The company has the global reach, network of partners, and local knowledge to collaborate with fintech companies at every stage of growth through the Mastercard Accelerate portfolio. The company aims to connect 1 billion people to the digital economy by 2025, including 50 million small businesses with a direct focus on 25 million women entrepreneurs.

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