NCB and Mastercard launch credit card for corporates in Saudi Arabia

By Edil Corneille

Mastercard, a global payments technology company, and the National Commercial Bank (NCB) have launched a new corporate credit card offering NCB corporate and MSMEs clients a wide range of financial solutions.

The Mastercard Corporate World card allows companies to effectively manage their expenses and corporate payments needs. With a focus on convenience, speed and innovation, the card aims to maximise companies’ financial control and provide them with full visibility in order to reduce costs and enhance cashflow.

“As a trusted technology leader and proud supporter of the business community, we are delighted to collaborate with NCB to expand inclusion for best-in-class financial control, B2B expenditures and corporate travel benefits. We remain committed to helping businesses by offering innovative tools and payment solutions that enable them to make the most of the digital economy and an ever-strengthening payment ecosystem,” said J.K. Khalil, Country Manager, KSA, Bahrain & Levant, Mastercard.

“We are delighted to once again collaborate with Mastercard for another solution which we believe will provide strong value to businesses by offering the tools to enhance efficiency as well as meet their working capital requirements. Through the commercial credit card, our large corporate customers as well as SME clients will be able to make cashless transactions seamlessly and conveniently, while maintaining a stronger control over their cash flows. Furthermore, the initiative will add benefits to our corporate customers such as control of spending and compliance with corporate policies,” said Majed Al Ghamdi, Chief Executive Officer, Retail CEO, NCB.

As a new addition to NCB’s suite of cash management products, the new corporate credit card is said to deliver benefits and product offerings designed for the diverse needs of large corporations. Additionally, the dedicated self-service portal on AlAhli ecorp enables relationship management, through which requests are managed. The card also offers consolidated e-statements and spending trends, so that cardholders and management can benefit from simplified reconciliation and enhanced, integrated reporting.