Mastercard Unveils ”Built Small. Moving Strong” Initiative to Bolster SME Resilience Across MENA
Mastercard has launched a landmark regional program, “Built Small. Moving Strong,” designed to empower Small and Medium Enterprises (SMEs) amidst escalating operational challenges and global supply chain disruptions. With SMEs accounting for over 90% of businesses in the MENA region and contributing up to 60% of GDP, the program serves as a critical intervention to ensure economic stability and diversification.
The initiative integrates financial tools, digital solutions, and policy advocacy through an extensive network of partners. Highlighting the power of collaboration, Mastercard is working with the National Bank of Ras Al Khaimah (RAK BANK) to provide AED 2 billion in additional credit limits, and with First Abu Dhabi Bank (FAB) to launch specialized commercial cards for working capital management. Onur Kursun, Executive Vice President of New Payment Platforms at Mastercard, emphasized that providing SMEs with liquidity and actionable insights is essential for navigating the current regional pressures and preparing for a sustainable recovery.