MasterCard expands geographical presence in Middle East

Mastercard

Expanding in Middle East

MasterCard has announced the official opening of its dedicated office in Qatar’s capital, Doha. This is in line with its commitment to expand its presence in the Middle East and Africa region through the PayPass platform.

The announcement was made at a launch event that was held in Doha on 23 January and was hosted by Michael Miebach, president, Middle East and Africa, MasterCard Worldwide.

Commenting on the launch, Michael Miebach said, “Our geographical presence and market position have witnessed sustained growth and today with the launch of our office in Doha, we have achieved yet another significant milestone. Qatar is fast emerging as a regional and global commercial hub that offers abundant growth opportunities across diverse industry sectors including banking and finance. We are confident that with our strong understanding of local market trends and the ability to develop highly innovative and customized payment solutions, we are well poised to lead the growth of electronic payments in Qatar.”

MasterCard established its regional headquarters in Dubai in 1986 and the company has been introducing innovative payment solutions across the region over the last 26 years.  Expanding its geographical presence in the emerging markets of the Middle East and Africa region is a strategic priority for MasterCard, which has now established offices in Dubai, Riyadh, Doha, Cairo, Casablanca, Johannesburg, Lagos and Nairobi.

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