What's happening: Under the patronage of the Saudi Central Bank (SAMA), the local establishment of Mastercard Gateway expands the company’s presence in Saudi Arabia, reinforcing its commitment to driving digital transformation, economic diversification, and innovation.

Why it matters: The collaboration will contribute to the digital transformation of the Saudi financial services sector, in line with Vision 2030. Mastercard Gateway is a single touchpoint that powers payment and digital acceptance solutions across new and existing markets and channels, locally and globally. Merchants benefit from support for 30+ different payment methods and risk management solutions.

The big picture: Mastercard Gateway technology paired with the global network of 200+ acquirers gives over 500K merchants access to ongoing innovation, and more than 110 million acceptance locations. In 2023, Mastercard Gateway processed more than 950 million payments, across payment methods in Saudi Arabia, supporting the growth of digital commerce in the market. 

What we're saying: “As a company that is powering economies and empowering people, we understand the importance of a world-class payment infrastructure. We are proud of our long legacy in the Kingdom and the unveiling of our secure technology infrastructure in the Kingdom is a landmark moment that reinforces our commitment to digitization and diversification. We will continue to work closely with local leadership to collaboratively fuel the payments ecosystem in Saudi Arabia as we empower its people and businesses,” said Adam Jones, division president, West Arabia at Mastercard.