back Back

Saudi FinTech Tweeq partners with Mastercard and Paymentology

By Edil Corneille

February 22, 2021

  • Mastercard
  • Saudi Arabia
Share

Tweeq, Mastercard, Paymentology, SaudiSaudi FinTech Tweeq has partnered with global payments technology company Mastercard and London-based Paymentology, a digital commerce service and payment solution provider. The partnership is expected to ensure a first-class customer experience through the provision of digital payment solutions including a spending account and contactless cards and will enable a range of seamless payment experiences.

The initiative will provide individuals and small businesses based in Saudi Arabia with a seamless money management experience, enabling consumers to send and receive money, pay bills, shop online, make card purchases, set financial goals and withdraw cash at their fingertips.

Tweeq CEO Saeed Al-Bahairi enthused, “We are pleased to enter into partnerships with Mastercard and Paymentology to provide an unparalleled customer experience. Through the partnerships our app-based accounts will enable our clients to connect and manage their money better, through a range of innovative financial digital solutions, in line with the digital transformation goals of Vision 2030.”

Khalid Elgibali, Division President, MENA, Mastercard elucidated, “Through its partnership with Mastercard, Tweeq will be able to offer the best smart money solutions in the Kingdom. The unique digital experience will offer low-cost and fast turnaround times. It will provide a seamless, smart money management platform aimed at the financial needs of a predominately young population who run their lives on their smartphones and want payment solutions at their fingertips. The long-term plan is to launch Tweeq initially in Saudi Arabia and expand it throughout the Middle East and Africa.”

Paymentology Founder and CEO Shane O’Hara enunciated, “The Paymentology platform is rapidly gaining global recognition as the leading, cloud-native processor on the market. The Paymentology full life-cycle card processing environment enables Tweeq to provide a best-of-breed digital wallet experience. The platform’s proven banking grade scalability will allow Tweeq to rapidly expand its offering beyond Saudi Arabia and into other regions. We are delighted to be a part of the Tweeq journey.”

Tweeq provides a spending account for individuals and SMEs. It uses an intuitive application that enables customers to select the mechanisms that best suit their needs in order to manage their money, make transfers, shop, pay bills and withdraw cash in a seamless and safe way. Tweeq seeks to be the leading financial account management service provider by providing a safe environment and a unique experience for its clients in the Kingdom, the Middle East and North Africa.

Previous Article

February 19, 2021

Mogo’s Carta Worldwide expands into U.S. digital payments market

Read More
Next Article

February 22, 2021

SBI Payments to launch YONO SBI Merchant a Soft PoS solution

Read More










IBSi Daily News Analysis

Payments, holidays, Black friday

November 29, 2022

Mastercard

Black Friday sales could surge £200m if payments didn’t fail, 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

Sabre, Conferma Pay, and Mastercard partner to power the travel economy with virtual cards

Read More

Today

Tranch rolls out flexible payments solution for Goodwin clients

Read More

Today

Paysafe and Virgin Voyages partner for online payments

Read More

Related Reports

Sales League Table Report 2022

£1,500.00 / year

Know More
Global Digital Banking Vendor & Landscape Report Q3 2022

£1,500.00 / year

Know More
Wealth Management & Private Banking Systems Report Q3 2022

£1,500.00 / year

Know More
Global Transaction Banking Vendors and Landscape Report Q3 2022

£1,500.00 / year

Know More
Treasury & Capital Markets Systems Report Q3 2022

£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 2022