Fintechs, startups, enterprises and financial institutions can now plug and play into NymCard’s modern BaaS infrastructure to issue their own Mastercard cards and enable their unique business models much faster. Mastercard has signed on NymCard, a plug-and-play banking-as-a-service (BaaS) provider, as a principal issuer in the UAE. It’s the first time a fintech in the UAE has been licensed to issue cards by Mastercard. Through their Principal Mastercard License, NymCard will empower digital partners, enabling them to go live in as little as a few weeks.
MENA-based Banking as-a-Service (BaaS) provider NymCard have built their tech stack from the ground up and are fully regulated by the central bank of the UAE. They offer FinTechs and other industry innovators the infrastructure to plug and play ready finance into their applications, enabling them to frictionlessly scale their payments programs across multiple markets.