UAE-based fintech company VaultsPay has entered into a strategic collaboration with Mastercard to enhance digital payment capabilities and expand financial inclusion across the United Arab Emirates.
The agreement supports VaultsPay’s growth strategy, enabling it to utilize Mastercard’s global payments network and technology infrastructure to issue both virtual and physical payment cards.
The partnership will strengthen VaultsPay’s portfolio across acquiring services, digital payments, and consumer-focused financial solutions.
Through this collaboration, VaultsPay plans to introduce a diversified range of card products tailored to the evolving needs of consumers and businesses.
By integrating Mastercard’s secure and scalable payments ecosystem, the company aims to deliver seamless, reliable, and innovative payment experiences across retail and digital channels.
The partnership also reinforces a shared commitment to accelerating the shift toward cashless economies and supporting the UAE’s broader vision of a digitally enabled financial ecosystem.
It is expected to promote secure, frictionless transactions while maintaining high standards of compliance and cybersecurity.
Gina Petersen-Skyrme Country Manager-UAE,Oman Mastercard
“At Mastercard, we are dedicated to equipping fintech companies like VaultsPay with the tools and technology needed to fuel the local payment ecosystem. Building on our commitment to connect and protect an additional 500 million people and small businesses by 2030, this collaboration underscores our shared vision for advancing digital transformation and financial inclusion through secure and accessible payment options.”
HE Ali Hamad Mubarak Almheiri, Chairman of VaultsPay, said that, “This landmark agreement with Mastercard represents a strategic step forward in VaultsPay’s mission to reshape the digital payments landscape. Together, we are driving innovation that strengthens financial inclusion and enables faster access to secure, modern financial products for consumers and businesses alike.”
