{"id":12555,"date":"2024-12-05T04:47:33","date_gmt":"2024-12-05T04:47:33","guid":{"rendered":"https:\/\/fintechnews.ae\/?p=23281"},"modified":"2024-12-05T04:47:33","modified_gmt":"2024-12-05T04:47:33","slug":"crypto-com-gains-mastercard-license-to-launch-crypto-cards-in-bahrain-gcc","status":"publish","type":"post","link":"https:\/\/mena-fintech.org\/demo\/crypto-com-gains-mastercard-license-to-launch-crypto-cards-in-bahrain-gcc\/","title":{"rendered":"Crypto.com Gains Mastercard License to Launch Crypto Cards in Bahrain, GCC"},"content":{"rendered":"

Crypto.com has secured a principal network license from Mastercard<\/a>, allowing it to issue cards directly on the latter’s network.<\/p>\n

The collaboration will support the introduction of a new crypto-linked card programme, starting in Bahrain with plans to expand across the Gulf Cooperation Council (GCC) region.<\/p>\n

The programme will leverage Crypto.com\u2019s recently acquired<\/a> Payment Service Provider license from the Central Bank of Bahrain.<\/p>\n

The card will be denominated in USD and can be used at over 150 million locations worldwide where Mastercard is accepted.<\/p>\n

Users will be able to fund their cards through the Crypto.com<\/a> app using e-money wallets or traditional credit and debit cards.<\/p>\n

The card will be available across Crypto.com\u2019s five existing tiers, including the Black Obsidian, and will offer rewards of up to 8% on spending.<\/p>\n

The initiative is part of Crypto.com\u2019s efforts to expand its global card programme and offer users more ways to utilize digital assets for everyday transactions.<\/p>\n

Mastercard\u2019s global payment network will also provide additional security and fraud protection measures for the program.<\/p>\n

\"Karl
Karl Mohan<\/figcaption><\/figure>\n
\n

\u201cWe\u2019re really proud to be partnering with Mastercard, a global technology leader in the payments industry, and utilising our recently issued Payment Service Provider licence from the Central Bank of Bahrain to launch our world-renowned prepaid card to our users in Bahrain and beyond.<\/p>\n

Mastercard has shown its support for the digital assets industry by creating a robust card programme service that\u2019s specifically tailored for our customers, allowing us to expand our product offering into new markets whilst proving our continued commitment to the highest levels of security and compliance.\u201d<\/p>\n<\/blockquote>\n

said Karl Mohan, General Manager APAC & MEA of Crypto.com.<\/p>\n

\n
\"Amnah
Amnah Ajmal<\/figcaption><\/figure>\n

\u201cWe are delighted to welcome Crypto.com as a Mastercard Principal Member. The programme provides a wide range of benefits and opportunities beyond the direct issuance of Mastercards.<\/p>\n

Crypto.com will now have access to our global network, enabling transactions wherever Mastercard is accepted, our innovative payment solutions powered by cutting-edge technology, and our comprehensive tools for enhancing transaction security and fraud protection,\u201d<\/p>\n<\/blockquote>\n

said Amnah Ajmal, Executive Vice President, Market Development, EEMEA, Mastercard.<\/p>\n

Featured image credit: Edited from Freepik<\/a><\/em><\/p>\n

This article first appeared on Fintech News Singapore<\/a><\/em><\/p>\n

The post Crypto.com Gains Mastercard License to Launch Crypto Cards in Bahrain, GCC<\/a> appeared first on Fintechnews Middle East<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Crypto.com has secured a principal network license from Mastercard, allowing it to issue cards directly on the latter\u2019s network. The collaboration will support the introduction of a new crypto-linked card programme, starting in Bahrain with plans to expand across the Gulf Cooperation Council (GCC) region. The programme will leverage Crypto.com\u2019s recently acquired Payment Service Provider […]<\/p>\n

The post Crypto.com Gains Mastercard License to Launch Crypto Cards in Bahrain, GCC<\/a> appeared first on Fintechnews Middle East<\/a>.<\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[174,186,179],"tags":[],"class_list":["post-12555","post","type-post","status-publish","format-standard","hentry","category-bahrain","category-crypto-com","category-mastercard"],"_links":{"self":[{"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/posts\/12555","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/comments?post=12555"}],"version-history":[{"count":1,"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/posts\/12555\/revisions"}],"predecessor-version":[{"id":12556,"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/posts\/12555\/revisions\/12556"}],"wp:attachment":[{"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/media?parent=12555"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/categories?post=12555"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/tags?post=12555"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}