Ottu and Mastercard Partner Up in the GCC

<p>In a new regional alliance, Mastercard has inked a deal with Ottu, a
fintech trailblazer in the Middle East.</p><p>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.</p><p>The Marvels of the Gateway</p><p>Mastercard, <a href="https://www.financemagnates.com/tag/mastercard/" target="_blank" rel="follow">the
juggernaut in the tech-driven payments realm</a>, has thrown its weight behind <a href="https://ottu.com/" target="_blank" rel="nofollow">fintech</a> Ottu through a Memorandum of Understanding in yet another <a href="https://www.financemagnates.com/trending/fab-and-mastercard-unleash-slicepay-buy-now-pay-later/">financial
coming together</a>. The focus? Ottu's integration of Mastercard Gateway, a
tech marvel that offers a <a href="https://www.mastercard.com/gateway.html">quantum
leap in payment processing and fraud prevention</a>. It's not just a gateway;
it's a portal to secure, innovative, and globally competitive digital payments.</p><blockquote><p lang="en" dir="ltr">Mastercard has signed a memorandum of understanding (MOU) with Ottu . This partnership is primarily focused on Ottu's integration of Mastercard Gateway, enabling a range of local payment methods in Kuwait, Qatar, Bahrain, and Oman. <a href="https://twitter.com/hashtag/Fintech?src=hash&amp;ref_src=twsrc%5Etfw">#Fintech</a> <a href="https://twitter.com/hashtag/PaymentSolution?src=hash&amp;ref_src=twsrc%5Etfw">#PaymentSolution</a> <a href="https://twitter.com/hashtag/OPMS?src=hash&amp;ref_src=twsrc%5Etfw">#OPMS</a> <a href="https://t.co/sS3u5m5r1P">pic.twitter.com/sS3u5m5r1P</a></p>— Ottu (@GetOttu) <a href="https://twitter.com/GetOttu/status/1722509783528243596?ref_src=twsrc%5Etfw">November 9, 2023</a></blockquote><p>Ottu's Streamlined Payments</p><p>Ottu offers an Online <a href="https://www.financemagnates.com/terms/p/payments/">Payments</a> Management Solution (OPMS) to its
customers, allowing for seamless online payments across diverse industries. The
<a href="https://www.financemagnates.com/terms/f/fintech/">fintech</a> not only connects various sales channels and payment methods but also creates
an efficient ecosystem where transactions flow smoothly.</p><p>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."</p><p>In Support of Digital Growth</p><p>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.”</p>

This article was written by Louis Parks at www.financemagnates.com.