Abu Dhabi, December 11, 2024 – The Abu Dhabi Investment Office (ADIO) and Mastercard have announced a groundbreaking digital partnership initiative under Mastercard’s global Digital Partnership Cities Program. The initiative is designed to stimulate economic growth by leveraging Mastercard’s payment infrastructure and driving innovation in government services.
Empowering SMEs and Fintech Growth
One key focus of the initiative is supporting the development of advanced financial technologies. The collaboration aims to enhance government payment systems and promote the growth of small and medium-sized enterprises (SMEs) and fintech startups within Hub71, Abu Dhabi’s global technology ecosystem.
Innovations in AI and Blockchain
Through this partnership, the Advanced AI and Cyber Technology Center of Mastercard will work closely with ADIO to develop AI-powered and blockchain-based solutions. These efforts will target high-growth sectors, such as the gaming industry, aligning with Abu Dhabi’s vision for diversification and innovation.
Enhancing Tourism with Prepaid Cards
The initiative also includes the launch of prepaid cards designed for Abu Dhabi’s residents and visitors. These cards, integrated with the Mastercard Priceless platform, will enhance the tourism experience by offering exclusive benefits and seamless payment options.
A Strategic Step for Abu Dhabi
This collaboration underscores Abu Dhabi’s commitment to becoming a global hub for technology and innovation. By aligning with Mastercard’s expertise, the emirate is set to further solidify its position as a leader in economic transformation.