Mastercard Boosts Saudi Arabia’s Digital Payments
Mastercard has launched cutting-edge technology infrastructure in Saudi Arabia to locally process e-commerce transactions, enhancing secure digital payments.
This development, supported by the Saudi Central Bank (SAMA), marks a significant milestone in Mastercard’s mission to empower digital transformation and innovation while driving economic diversification in the Kingdom. With the introduction of Mastercard Gateway, the company expands its regional footprint, affirming its role as a trusted technology partner for Saudi Arabia’s growing digital economy.
Mastercard Gateway serves as a unified platform that simplifies payment and digital acceptance across both established and emerging markets globally. Merchants gain access to over 30 different payment methods, along with advanced fraud detection and prevention solutions. Meanwhile, consumers benefit from enhanced cybersecurity protections for their online transactions.
This state-of-the-art infrastructure, combined with tailored services, ensures the seamless and secure handling of local e-commerce transactions, positioning Mastercard at the forefront of digital payment technology.
“As a company driving economic growth and empowering communities, Mastercard is proud to bring world-class payment infrastructure to Saudi Arabia,” stated Adam Jones, Division President, West Arabia at Mastercard. “This landmark initiative underscores our commitment to the Kingdom’s digitization efforts and economic diversification. We remain dedicated to collaborating with local leaders to fuel the payments ecosystem and empower businesses and individuals.”
Aligned with Saudi Vision 2030, the initiative aims to strengthen the national payment platform, foster digital transformation, and bolster the economy with innovative technology. Mastercard has long been committed to enhancing payment acceptance in Saudi Arabia by offering secure, user-friendly payment solutions that cater to both consumers and businesses.
Mastercard Gateway, integrated with a global network of more than 200 acquirers, gives over 500,000 merchants access to ongoing innovations and over 110 million acceptance locations worldwide. In 2023 alone, Mastercard Gateway processed more than 950 million transactions in Saudi Arabia, playing a pivotal role in the expansion of digital commerce.
As commerce continues to evolve, embracing digitization is key for sustainable growth. Mastercard’s investments in resilient financial infrastructure, diverse fintech solutions, and local partnerships demonstrate its dedication to shaping the future of digital payments in Saudi Arabia and beyond.
