Pluto, a leading provider of financial corporate spend management solutions in the UAE, has entered into a strategic partnership with Mastercard, a global technology company in the payments industry, to fuel business-to-business (B2B) payment solutions across the GCC.
The partnership will leverage Mastercard’s expertise in payment technology to enhance Pluto’s existing suite of solutions. Pluto’s clients will gain access to a wider range of efficient and secure payment options, making financial transactions smoother and more convenient.
The agreement will see Pluto well-positioned to support businesses of varying sizes, ranging from mid-sized enterprises to large multi-group holdings, in better managing their finances. This inclusivity is a testament to the commitment of the two partners to promoting financial empowerment for businesses of all scales.
Ms. Gina Petersen-Skyrme, Vice President and Country Business Development Lead, UAE and Oman, of Mastercard, said that, “At Mastercard, we are dedicated to helping businesses big and small transform the way they pay and get paid. Our real-time B2B payment solutions power digital economies and empower organizations worldwide with flexibility and control over their finances. We are delighted to join forces with Pluto to build a secure and inclusive digital future in the UAE and beyond.”
As part of this engagement, Pluto will now exclusively partner with Mastercard for all payments. This strategic decision demonstrates the depth of trust and commitment between the two companies, aiming to provide the best possible payment solutions to Pluto’s clients. Notably, this announcement aligns with Pluto’s expansion plans in the GCC region.
According to the company, “In addition to the UAE, Pluto is now set to operate in Saudi Arabia (KSA) and Bahrain, bringing its innovative financial solutions to even more businesses across the Middle East.”
“Today’s partnership with Mastercard is a game changer for Pluto. We’re exclusively teaming up with a global payment technology leader to enhance B2B payment solutions. This collaboration amplifies our commitment to empowering CFOs and finance teams. Mastercard’s expertise will expand our payment offerings, making transactions seamless and secure. We’re excited to explore more strategic agreements with Mastercard – united, we’re set to reshape the financial landscape,” noted Mr. Mohammed Ridwan, Co-Founder and COO of Pluto.