Arab Finance: Mastercard has strengthened its collaboration with Payment24 to promote EMV security and drive innovation within the fleet and fuel payment industry across Eastern Europe, Middle East and Africa (EEMEA), as per an emailed press release.

This partnership is set to speed up the transition to the secure EMV standard and assist fleet operators reduce the risk of fraud associated with magnetic strip fleet cards.

Hence, customers will be able to benefit from an end-to-end Fleet Management solution to help them quickly deploy and scale their own secure fleet and fuel payment offerings.

The offering is tailored to offer a suite of EMV-based payment products and extends to a host of modern payment mechanisms, including tokenized tags, e-wallets and vouchers that are all native to the Payment24 platform. 

The expanded collaboration will also expand the geographical presence of a proven solution and delivers modern fleet and fuel payment solutions to banks and fleet card issuers throughout the region.  

"By combining Mastercard's leading payment technology with Payment24's innovative and proven fuel payments platform, we deliver a solution for the region that enhances security and adds significant value and convenience for customers,” Clyde Rosanowski, Senior Vice President of Commercial Solutions, EEMEA at Mastercard, said.

Horizon Egypt to deploy Hikvision smart city tech solutions across developments Updated 12/16/2025 1:53:00 PM

Majid Al Futtaim teams up with Lime Consumer Finance for flexible financing options in Egypt Updated 12/4/2025 1:22:00 PM

Siemens, Capgemini expand partnership to help industries with AI-native digital solutions Updated 11/3/2025 10:39:00 AM

Somabay enters new partnership with EDECS to upgrade its Marina Updated 10/30/2025 9:44:00 AM

Abou Ghaly Motors collaborates with ExxonMobil Egypt to enhance after-sales services Updated 10/30/2025 9:05:00 AM