In a new regional alliance, Mastercard has inked a deal with Ottu, a fintech trailblazer in the Middle East.
The synergy aims to empower Ottu's capabilities by integrating the cutting-edge Mastercard Gateway service, enabling a range of local payment options across Kuwait, Qatar, Bahrain, and Oman.
The Marvels of the Gateway
Mastercard, the juggernaut in the tech-driven payments realm, has thrown its weight behind fintech Ottu through a Memorandum of Understanding in yet another financial coming together. The focus? Ottu's integration of Mastercard Gateway, a tech marvel that offers a quantum leap in payment processing and fraud prevention. It's not just a gateway; it's a portal to secure, innovative, and globally competitive digital payments.
Ottu's Streamlined Payments
Ottu offers an Online Payments Management Solution (OPMS) to its customers, allowing for seamless online payments across diverse industries. The fintech not only connects various sales channels and payment methods but also creates an efficient ecosystem where transactions flow smoothly.
Through this dynamic partnership, Ottu's merchants gain access to an array of local payment methods made available via the card giant's system. The result? A harmonious fusion of international prowess and regional capabilities, creating a robust Gulf payment ecosystem. Talal AlAwadhi, Ottu's CEO, sees the partnership as a blend of global technological might with an understanding of the pulse of regional transactions, “Our partnership with Mastercard Gateway is more than a strategic alliance. It's a vision for integrating global technological might with regional transactional traditions, ensuring the Gulf's payment ecosystem is robust and resonant with its users."
In Support of Digital Growth
Maria Parpou, Executive Vice President, Mastercard Gateway, said, “We are committed to partnering with innovative fintech companies such as Ottu to bring advanced payment solutions to the region with the aim of fueling the growth of the digital economy. Mastercard Gateway offers a single connection to help local merchants accept payments globally, facilitating secure and seamless transactions that surpass customer expectations.”
