Saudi National Bank partners with Mastercard and Saudi Esports Federation to transform esports in the Kingdom

January 22, 2023 | Riyadh, KSA

Riyadh, KSAJanuary 22, 2023: Saudi National Bank announced a strategic partnership agreement with Mastercard and the Saudi Esports Federation (SEF) during the SEF Awards to accelerate Saudi Arabia’s digital transformation and enhance its gaming and esports infrastructure. The collaboration will build on Mastercard’s ongoing relationship with SEF to promote the Kingdom’s billion-dollar gaming industry.

Together, the three entities will explore and develop innovative financial products and offerings that create added value and enhance gamers’ experience.

In line with Mastercard’s commitment to creating priceless moments for consumers to enjoy, the agreement will leverage the resources, expertise, and networks of all three partners to cater to Saudi Arabia’s youth and gaming community.

On this occasion, Saud Abdulaziz Bajbair, Head of Retail Business Group at SNB, said: ”This partnership confirms the importance of the private sector’s role in supporting the overall development movement in the Kingdom of Saudi Arabia under Vision 2030. This agreement is an important step in the dissemination of new digital technologies that will contribute to making the Kingdom a leading hub for gaming and e-sports.”

The collaboration draws on the importance of Saudi Arabia’s e-gaming industry and its rapid growth. It intends to strengthen the presence of e-gaming and capitalize on its potential and capabilities by fostering innovation to drive further advancements in this sector. This step also underscores SNB’s interest in the development of the e-gaming community and sector in Saudi Arabia by contributing to the creation of an e-gaming industry that is gaining traction among a significant segment of Saudi society.

“We understand just how impactful gaming is and can be. By partnering with Mastercard and SNB, we aim to bring the Kingdom’s gaming potential to bear, enhancing the country’s gaming landscape and spurring even greater innovation. This will benefit so many — for generations to come — setting the Kingdom apart as an attractive investment destination while delivering innovative gaming experiences,” said Ahmed Al Bishri, Chief Operations Officer Saudi Esports Federation.

“We are delighted to collaborate with SNB and SEF – two like-minded organizations driven by a shared commitment towards accelerating digital transformation, realizing Saudi Arabia’s tech potential, and achieving its Vision 2030. The historic agreement is well on its way to help showcase the new technologies that are playing important roles in transforming the Kingdom into a leading hub for gaming and esports, and – more broadly – for business, tourism, leisure, and innovation. Together, we seek to build on the efforts of the Saudi leadership to enhance the local gaming industry, bolstering it to deliver truly immersive and memorable experiences for gamers across the Kingdom and bridging these experiences across physical and digital realities,” said Mete Güney, Executive Vice President of Services, EEMEA at Mastercard.

Through this partnership SNB, SEF and Mastercard will create and unlock new experiences powered by Web3 technology that will offer gamers the opportunity to access exclusive benefits and immersive experiences in the physical and digital world.

This new digital community and experience will be an inclusive space for gamers, creators and collectors to design and own the future of Saudi esports. Community members will be able to access virtual creations and use in digital games and immersive experiences.

About Mastercard (NYSE: MA)

Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.

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