The partnership aims to empower Barq’s customers through Mastercard Gateway by enhancing the payment acceptance capabilities across the Kingdom of Saudi Arabia.

The digital wallet promises to reduce remittance fees for underbanked employees in the UAE by enabling transfers to up to five people for the price of one.

With the new licensee, there are now six authorized companies offering consumer microfinance solutions in Saudi Arabia.

The world's first Iris-enabled payment platform and a leading provider of innovative Government digital services collaborate for more efficient, inclusive and trusted distribution social protection payments.

Saudi Venture Capital Company, in partnership with the Capital Market Authority and the Financial Sector Development Program has launched a new product designed to support the growth of the fintech industry in Saudi Arabia.

Join financial inclusion leaders from around the globe to accelerate HER economy!

The partnership will see the launch of two unique card products designed to meet the growing needs of businesses and underbanked individuals, supported by a feature-rich digital app powered by Mastercard’s secure, contactless payment technology.

Banks can draw on the facility to provide new loans and financing to individuals, small and medium-sized enterprises, and other private corporates affected by the virus fallout.

Up to 77 percent of consumers in the Kingdom spending more money online since the onset of the pandemic.

The solution offers customers a convenient and simple method for Savings Groups’ habit.