Mastercard and Payment24 are expanding their partnership to boost security and drive innovation in fleet and fuel payments across Eastern Europe, the Middle East, and Africa (EEMEA).
The partnership leverages Mastercard’s payment technology and Payment24’s fuel payments platform to deliver a secure EMV-based solution for the region.
Benefits include:
- Reduced fraud risk
- Increased security
- Improved convenience for fleet operators and drivers
The solution also offers real-time expense monitoring, spending limits, and a variety of modern payment mechanisms.
“This partnership delivers a solution that enhances security and adds significant value and convenience for customers,” said Clyde Rosanowski, Senior Vice President of Commercial Solutions, EEMEA at Mastercard.
“The expansion of this alliance highlights the urgent need to get ahead of fraud in the fleet and fuel payments industry,” says Shadab Rahil, Joint CEO of Payment24.
Payment24’s technology goes beyond secure EMV cards to include mobile payments, windshield tags, and real-time tracking. This allows customers to monitor fuel expenses, consumption, and potential fraud.
Customers benefit from Mastercard’s security layers, fraud prevention technologies, and Payment24’s technical knowledge.