Mastercard has partnered with Saudi Arabia-based Enjaz Company to launch new card products for individual and business customers, targeting expatriates, frequent travellers and high-net-worth individuals.
Enjaz offers financial services and digital wallets, including money transfer solutions. The company said the partnership will expand its product range and customer base while giving existing customers tools for everyday financial and lifestyle needs.
The new products will use Mastercard’s technology to provide greater security and personalised benefits, according to the announcement. Mastercard said the collaboration is also intended to support more cashless transactions in Saudi Arabia.
The partnership comes as the kingdom advances its fintech and national tourism strategies under Vision 2030. Mastercard said these efforts are helping position Saudi Arabia as a growing hub for SMEs and tourism.
Data from the Mastercard SME Confidence Index 2026 showed that 77% of surveyed Saudi SMEs accept online payments, while 67% accept card payments and 54% accept mobile payments.
“Digital transformation has had an indelible impact on all areas of business and life,” said Bassam Suleiman Aleidy, CEO of Enjaz. Saud Swar, Mastercard’s country manager for Saudi Arabia, Bahrain, Jordan and other Levant markets, said digital adoption is changing how businesses operate.
Source: Fintech News UAE
