Mastercard has inked a partnership with Crypto.com, enabling the firm to directly issue cards on Mastercard’s network.
As part of the move, Crypto.com will initially launch a Mastercard-powered card in Bahrain, with plans to gradually expand across GCC region after that.
The programme uses Mastercard’s payments network to allows customers to use their card at over 150 million in-store and online locations worldwide.
It also enables users to fund their cards through the Crypto.com app using e-money wallets or third party-issued credit and debit cards.
The technology will be available across all five Crypto.com card tiers, including Black Obsidian, offering a range of rewards up to 8 per cent on spending.
Amnah Ajmal, executive vice president, market development, EEMEA, Mastercard highlighted the key features on the programme: “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.”
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