In a new regional alliance, Mastercard has inked a deal with Ottu, a
fintech trailblazer in the Middle East.
The synergy aims to empower Ottu’s capabilities by integrating the
cutting-edge Mastercard Gateway service, enabling a range of local payment
options across Kuwait, Qatar, Bahrain, and Oman.
Mastercard, the
juggernaut in the tech-driven payments realm, has thrown its weight behind fintech Ottu through a Memorandum of Understanding in yet another financial
coming together. The focus? Ottu’s integration of Mastercard Gateway, a
tech marvel that offers a quantum
leap in payment processing and fraud prevention. It’s not just a gateway;
it’s a portal to secure, innovative, and globally competitive digital payments.
Mastercard has signed a memorandum of understanding (MOU) with Ottu . This partnership is primarily focused on Ottu’s integration of Mastercard Gateway, enabling a range of local payment methods in Kuwait, Qatar, Bahrain, and Oman. #Fintech #PaymentSolution #OPMS pic.twitter.com/sS3u5m5r1P
— Ottu (@GetOttu) November 9, 2023
Ottu’s Streamlined Payments
Ottu offers an Online Payments
Payments
One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl
One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl
Read this Term Management Solution (OPMS) to its
customers, allowing for seamless online payments across diverse industries. The
fintech
Fintech
Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl
Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl
Read this Term not only connects various sales channels and payment methods but also creates
an efficient ecosystem where transactions flow smoothly.
Through this dynamic partnership, Ottu’s merchants gain access to an
array of local payment methods made available via the card giant’s system. The
result? A harmonious fusion of international prowess and regional capabilities,
creating a robust Gulf payment ecosystem. Talal AlAwadhi, Ottu’s CEO, sees the partnership
as a blend of global technological might with an understanding of the pulse of
regional transactions, “Our partnership with Mastercard Gateway is more than a
strategic alliance. It’s a vision for integrating global technological might
with regional transactional traditions, ensuring the Gulf’s payment ecosystem
is robust and resonant with its users.”
In Support of Digital Growth
Maria Parpou, Executive Vice President, Mastercard Gateway, said, “We are committed to partnering with innovative fintech companies
such as Ottu to bring advanced payment solutions to the region with the aim of
fueling the growth of the digital economy. Mastercard Gateway offers a single
connection to help local merchants accept payments globally, facilitating
secure and seamless transactions that surpass customer expectations.”
In a new regional alliance, Mastercard has inked a deal with Ottu, a
fintech trailblazer in the Middle East.
The synergy aims to empower Ottu’s capabilities by integrating the
cutting-edge Mastercard Gateway service, enabling a range of local payment
options across Kuwait, Qatar, Bahrain, and Oman.
Mastercard, the
juggernaut in the tech-driven payments realm, has thrown its weight behind fintech Ottu through a Memorandum of Understanding in yet another financial
coming together. The focus? Ottu’s integration of Mastercard Gateway, a
tech marvel that offers a quantum
leap in payment processing and fraud prevention. It’s not just a gateway;
it’s a portal to secure, innovative, and globally competitive digital payments.
Mastercard has signed a memorandum of understanding (MOU) with Ottu . This partnership is primarily focused on Ottu’s integration of Mastercard Gateway, enabling a range of local payment methods in Kuwait, Qatar, Bahrain, and Oman. #Fintech #PaymentSolution #OPMS pic.twitter.com/sS3u5m5r1P
— Ottu (@GetOttu) November 9, 2023
Ottu’s Streamlined Payments
Ottu offers an Online Payments
Payments
One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl
One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl
Read this Term Management Solution (OPMS) to its
customers, allowing for seamless online payments across diverse industries. The
fintech
Fintech
Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl
Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl
Read this Term not only connects various sales channels and payment methods but also creates
an efficient ecosystem where transactions flow smoothly.
Through this dynamic partnership, Ottu’s merchants gain access to an
array of local payment methods made available via the card giant’s system. The
result? A harmonious fusion of international prowess and regional capabilities,
creating a robust Gulf payment ecosystem. Talal AlAwadhi, Ottu’s CEO, sees the partnership
as a blend of global technological might with an understanding of the pulse of
regional transactions, “Our partnership with Mastercard Gateway is more than a
strategic alliance. It’s a vision for integrating global technological might
with regional transactional traditions, ensuring the Gulf’s payment ecosystem
is robust and resonant with its users.”
In Support of Digital Growth
Maria Parpou, Executive Vice President, Mastercard Gateway, said, “We are committed to partnering with innovative fintech companies
such as Ottu to bring advanced payment solutions to the region with the aim of
fueling the growth of the digital economy. Mastercard Gateway offers a single
connection to help local merchants accept payments globally, facilitating
secure and seamless transactions that surpass customer expectations.”