As a result, MPG will become the 4th Third Party Processor (TPP) in the UAE authorized to connect to the Central Bank UAE Switch. Additionally, MPG will be able to market its processing services to banks and other card issuers throughout the UAE as well as the GCC regions. Thus, any card issued through a financial institution in the UAE and the GCC will be accepted by the MGP platform.
MPG has also revealed plans to incorporate mobile banking, Radio Frequency Identification (RFID) and Near Field Communication (NFC) capabilities by working together with its technology partner and shareholder in MGP, Carta Solutions. The technologies will allow users to use contactless payments on their mobile device and/or their prepaid/debit card.
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