ZainTech partners with Mastercard to provide unique AI and Machine Learning data solutions to businesses
June 6, 2023 | Dubai, United Arab Emirates- Partnership to enable ZainTech and Zain B2B teams to offer cutting-edge data solutions that solve business challenges and drive efficiencies
- The benefits of sophisticated data to productivity, safety, and cost-savings are revolutionizing business processes
Dubai, United Arab Emirates – 06 June, 2023 : ZainTech, the one-stop digital solutions powerhouse of Zain Group, has signed a memorandum of understanding (MoU) with Mastercard to create unique data-driven and innovative solutions for businesses across Middle East and North Africa (MENA). The partnership will help streamline clients’ operations, including enhancing productivity and cost savings.
ZainTech and Zain B2B teams across the region are revolutionizing day-to-day business by streamlining their digital transformation journey, making it simpler and more seamless than ever before. The company is offering cutting-edge data solutions, facilitating digital and data-driven decision-making, to achieve clients’ corporate goals and drive growth.
Commenting on the collaboration with Mastercard, Andrew Hanna, ZainTech CEO said: “The benefits of sophisticated data to productivity, safety, and cost-savings being driven by AI and machine learning are revolutionizing business processes. This partnership with Mastercard will catalyze the development of unique data solutions from which our enterprise clients will benefit directly.”
Amnah Ajmal, Executive Vice President, Market Development, Eastern Europe, Middle East and Africa, Mastercard said: “Artificial Intelligence has become an essential part of building cutting-edge solutions that use data to deliver added value to end-users. We are delighted to support ZainTech, a leading regional digital solutions provider in strengthening its value proposition.”
The MENA region is witnessing an acceleration in the application of big data analytics, transforming industrial and enterprise operations. According to advisory firm PwC, the potential contribution of AI to the global economy will peak at almost US$16 trillion by 2030 and the Middle East is expected to accrue approximately 2% of those benefits – equivalent to approximately US$320 billion.
Through its collaboration with Mastercard, ZainTech anticipates an accelerated adoption of advanced analytics and AI and machine learning across the MENA region.
About Mastercard (NYSE: MA)
Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.
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