- Mastercard and Dubai’s DET have signed a groundbreaking MoU to form a Digital City Partnership
- The collaboration showcases Mastercard’s advanced technology and payment ecosystem to help translate Dubai’s ambitious vision to reality
- By leveraging the city’s robust economy, Mastercard can position itself as a vital driver of digital transformation in multiple sectors
Mastercard and Dubai’s Department of Economy and Tourism (DET) have signed a pioneering Memorandum of Understanding (MoU). This Digital City Partnership is the first of its kind at a city level and Mastercard’s first digital partnership in the Middle East and North Africa (MENA) region. Dubai seeks to expedite economic growth and cement its position among the world’s leading global cities by leveraging Mastercard’s comprehensive payment network and data-oriented digital commerce technology. This strategic alliance aligns with the goals outlined in the Dubai Economic Agenda, D33, ensuring Dubai’s continued progress and prominence on the international stage.
Mastercard’s collaboration with Dubai offers significant opportunities for the global payment giant. With its advanced technology and payment infrastructure, Mastercard can leverage Dubai’s robust economy and position itself as a vital driver of digital transformation in multiple sectors including secure and efficient payment transactions, trade growth, innovation among SMEs, talent attraction, and accelerating growth across Dubai’s tourism ecosystem. It exemplifies Mastercard ESG commitment to empowering economies and individuals while building a sustainable world where everyone prospers.
