Mastercard and Ajman Bank Introduced Touch Card for the Vision Impaired.

Ajman Bank

Mastercard Inc. and Ajman Bank

Mastercard Inc. (NYSE:MA) has just announced that it is collaborating with Ajman Bank of the United Arab Emirates to introduce a payment card specifically designed for the visually impaired. This all-inclusive change is in keeping with Mastercard’s strategy to speed up the transition to digital payment methods. It deserves praise for the efforts it is making at the present time, such as its digital strategy and its expansion into new geographic areas.

Mastercard Inc. (NYSE:MA) is releasing Mastercard Touch Card with Ajman Bank to assist visually challenged consumers in rapidly identifying the type of card they are carrying. As the first of its type, widespread implementation is anticipated. The novel approach is designed to aid consumers at ATMs and POS terminals with three separate notches on the side.

Significant strides have been made in the firm’s digital strategy, and the corporation is continually investing in technology to take advantage of the rising demand for digital payments. Company digital breakthroughs include the contactless payment system MasterPass, the tokenization technology investment made by the Mastercard Digital Enablement Service (MDES), and the introduction of Digital Secure Remote Payments.

Mastercard Identity Check is a global service offered by the corporation that verifies the customer with a single tap or clicks using data-rich EMV 3D secure authentication standards, artificial intelligence (AI), and behavioral biometrics. Cloud Tap on Phone was also introduced, making it possible for businesses of any size to take contactless payments via various devices, including mobile phones. By 2025, the corporation hopes to have brought a billion individuals into the fold of the digital economy.

Mastercard Inc. (NYSE:MA) stock price increased by 3.1% during the previous six months, outperforming the industry’s 0.2 percent increase.

Featured Image-  Megapixl @Milyavsky

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About the author: I'm a financial journalist with more than 1.5 years of experience. I have worked for different financial companies and covered stocks listed on ASX, NYSE, NASDAQ, etc. I have a degree in marketing from Bahria University Islamabad Campus (BUIC), Pakistan.