back Back

Mastercard & Geidea team to offer payment solutions in Saudi Arabia

By Delisha Fernandes

July 18, 2023

  • B2B Merchants
  • B2B Payment Solutions
  • Card Solutions
Share

MastercardMastercard has partnered with Geidea to offer consumers and businesses better access to advanced card and payment solutions.

As part of the agreement, Geidea will leverage Mastercard’s technology to issue BIN ranges and enable consumers, merchants, and FinTechs across the Kingdom to benefit from innovative payment solutions.

Geidea is a FinTech and payment service provider offering digital banking technology, smart payment terminals and business management solutions for both financial institutions and small businesses in retail and digital commerce.

Adam Jones, Country General Manager of MENA Central, said, “At Mastercard, we leverage technologies to modernise and deliver innovative solutions that unlock the true potential of inclusive growth and bring more people into the digital economy. Our multi-rail expertise and expanding suite of programs and services are designed to enable the FinTech ecosystem to build, launch and grow.”

“Together with Geidea, we will empower consumers, merchants and FinTechs to take full advantage of modern payment solutions,” added Jones.

The partnership will contribute to advancing Geidea and Mastercard’s digital enablement ecosystems. It will also lead to greater FinTech enablement across the country and wider region, enhancing the Saudi and MENA digital economies.

“As a company fully committed to making payments and commerce technology accessible, affordable, and intuitive for everyone, we are delighted to have joined forces with Mastercard to empower Saudi merchants, FinTechs and the Kingdom’s startup community.  In line with our work to support merchants of all types and sizes with the tools to start, manage and grow their businesses, our advanced card solutions will prime more local enterprises for success, enabling them to experience the full benefits of innovative payment solutions,” said Laurent Dhaeyer, Chief Strategy & Growth Officer, Geidea.

Previous Article

July 17, 2023

Capstack emerges from Stealth with $6m in Pre-Seed funding

Read More
Next Article

July 18, 2023

Hands in & inia team up to boost digital payments in hospitality sector

Read More













IBSi Daily News Analysis

biometrics, Identity verification

October 03, 2023

B2B Merchants

Digital Identity Verification checks will surpass 70bn by 2024, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Baton Systems launches auto settlement orchestration platform

Read More

Today

Sintesi partners with Zwipe to offer biometric card solutions in Italy

Read More

Today

FinTech Valu announces strategic expansion into Jordan

Read More

Related Reports

Sales League Table Report 2023

£1,500.00 / year

Know More
Global Digital Banking Vendor & Landscape Report Q2 2023

£1,500.00 / year

Know More
Wealth Management & Private Banking Systems Report Q2 2023

£1,500.00 / year

Know More
Testing & QA for NextGen Bank Tech Q3 2023

£500.00 / year

Know More
Treasury & Capital Markets Systems Report Q2 2023

£1,500.00 / year

Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023