Mastercard and Monak Launch Digital Platform for Workers

Mastercard and Monak Launch Digital Platform for Migrant Workers - Fintechnews Middle East

Mastercard has partnered with Oman-based fintech firm Monak to introduce a digital financial services platform aimed at improving cross-border money transfers for migrant workers and streamlining wage disbursement and onboarding processes for employers. The initiative also seeks to lower the cost and complexity typically linked to basic financial services, supporting wider financial inclusion efforts. The platform responds to long-standing chall…

Mastercard and Monak Launch Digital Platform for Workers

Mastercard has announced a partnership with Monak, an Oman-based fintech company, to launch a digital financial services platform. The platform aims to improve cross-border money transfers for migrant workers. It also streamlines wage disbursement and onboarding processes for employers. This initiative addresses key challenges faced by migrant workers, a group often underserved by formal financial services. By offering seamless money movement an…

Mastercard launches partnership to empower migrant workers to participate in the digital economy

Mastercard have announced a partnership with Monak to advance financial inclusion for unbanked workers across MENA with the launch of a new digital financial services platform Mastercard have partnered with Oman-based Fintech company Monak to tackle the issue of unbanked migrant workers across the Middle East region. Mastercard has joined forces with Monak, an Oman-based fintech company, to launch a digital financial services platform that enhan…