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الاتحاد
UnionPay and Mastercard introduce first multi-network credit card
Union Payments, a company owned by the Central Bank of the UAE, announced a strategic partnership with Mastercard to launch the world's first multi-system credit card called "GIOUN – Mastercard." This initiative will enable the issuance of advanced cards and payment methods based on modern infrastructure for processing payment transactions both locally and globally. Additionally, a new operations center will be established in the UAE to strengthen the country's position as a global financial hub. The new technology will provide secure and easy payment experiences, supported by cybersecurity and fraud prevention measures, with the goal of diversifying payment options and enhancing flexibility within the national payment system. This effort aims to support the national economy and foster innovation in the fintech sector.
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