Dubai Chamber of Commerce & Industry has expanded its partnership with Mastercard to leverage Mastercard’s data and intelligence services to drive economic growth in the Emirate. The strategic partnership aims to spur the use of digital payments, enable Dubai’s shift towards a digital economy and further support small and mid-sized enterprises (SMEs) in the market.

Through this collaboration, Mastercard will offer its data-driven analytics technology to provide insights into the rapidly evolving spending patterns of consumers, including measuring the use of online channels. A selection of these insights will be showcased during a series of workshops hosted by the Chamber.

“We are delighted to work with Mastercard to support our decision-making when it comes to boosting commerce and trade in the UAE. A key pillar of our new 2022–2024 strategy is growing Dubai’s digital economy and improving the business environment. By utilizing Mastercard’s global-best technologies, we will ensure these goals are achieved through deliberate and precise insights that ultimately serves to benefit the government, businesses, and residents,” said H.E. Hamad Buamim, President & CEO of Dubai Chamber of Commerce & Industry.

The newly adopted Dubai Chambers strategy is based on four main pillars, including enhancing and developing the business environment, attracting international companies to Dubai, facilitating the global expansion of local companies, and advancing the emirate’s digital economy.

“As Dubai continues to embrace the power of technology in fostering business growth and sustainability, Mastercard is supporting our government partners in this dynamic journey. With our ability to transform big data into meaningful insights, we are geared to help accelerate the transition of the city towards a smart economy. This partnership further supports our ongoing commitment to empower SMEs so they can thrive in a digital world,” said Khalid Elgibali, Division President – Middle East and North Africa, Mastercard.