The infrastructure supports over 30 payment methods and includes fraud detection features.
In 2023, Mastercard Gateway processed over 950 million payments in Saudi Arabia.
Mastercard has introduced a new technology infrastructure in
Saudi Arabia to enable local processing of e-commerce transactions. According to
the firm, this system aims to provide secure and efficient payment services for
Mastercard partners and consumers. It also supports the Kingdom’s push for
digital commerce expansion.
SAMA Supports Mastercard Gateway Launch
Backed by the Saudi Central Bank (SAMA), the initiative
establishes Mastercard Gateway in the region. The platform facilitates digital
payment solutions and risk management tools for over 30 payment methods. This
includes fraud detection and prevention features for businesses, while
customers gain enhanced cybersecurity protection.
“As a company that is powering economies and empowering
people, we understand the importance of a world-class payment infrastructure,” said
Adam Jones, Division President, West Arabia at Mastercard.
“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,” he added. “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.”
This collaboration aims to provide merchants and consumers
with tailored services. barq will enhance its offerings using Mastercard
technology, improving convenience, speed, and security, and integrating fraud
prevention features.
Digital Payments Surge in Saudi Arabia
The local infrastructure aligns with Saudi Vision 2030,
which aims to brace the country’s digital economy and payment ecosystem.
Mastercard’s initiative also aims to promote innovation and economic
diversification. The company has noted increased adoption of digital payments
in the Kingdom, driven by secure and convenient payment options for businesses
and consumers.
Through Mastercard Gateway, merchants in Saudi Arabia will
access global markets via a network of more than 200 acquirers. The platform
also connects them to over 110 million acceptance locations worldwide. In 2023,
Mastercard Gateway processed over 950 million payments in Saudi Arabia.
Mastercard has introduced a new technology infrastructure in
Saudi Arabia to enable local processing of e-commerce transactions. According to
the firm, this system aims to provide secure and efficient payment services for
Mastercard partners and consumers. It also supports the Kingdom’s push for
digital commerce expansion.
SAMA Supports Mastercard Gateway Launch
Backed by the Saudi Central Bank (SAMA), the initiative
establishes Mastercard Gateway in the region. The platform facilitates digital
payment solutions and risk management tools for over 30 payment methods. This
includes fraud detection and prevention features for businesses, while
customers gain enhanced cybersecurity protection.
“As a company that is powering economies and empowering
people, we understand the importance of a world-class payment infrastructure,” said
Adam Jones, Division President, West Arabia at Mastercard.
“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,” he added. “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.”
This collaboration aims to provide merchants and consumers
with tailored services. barq will enhance its offerings using Mastercard
technology, improving convenience, speed, and security, and integrating fraud
prevention features.
Digital Payments Surge in Saudi Arabia
The local infrastructure aligns with Saudi Vision 2030,
which aims to brace the country’s digital economy and payment ecosystem.
Mastercard’s initiative also aims to promote innovation and economic
diversification. The company has noted increased adoption of digital payments
in the Kingdom, driven by secure and convenient payment options for businesses
and consumers.
Through Mastercard Gateway, merchants in Saudi Arabia will
access global markets via a network of more than 200 acquirers. The platform
also connects them to over 110 million acceptance locations worldwide. In 2023,
Mastercard Gateway processed over 950 million payments in Saudi Arabia.
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
📸 Instagram: https://www.instagram.com/financemagnates_official
🐦 X (Twitter): https://twitter.com/financemagnates/
📡 RSS Feed: https://www.financemagnates.com/feed/
▶️ Telegram: https://t.me/financemagnatesnews
Don't miss out on our latest videos, interviews, and event coverage.
🔔 Subscribe to our YouTube channel for more!🔔
The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
📸 Instagram: https://www.instagram.com/financemagnates_official
🐦 X (Twitter): https://twitter.com/financemagnates/
📡 RSS Feed: https://www.financemagnates.com/feed/
▶️ Telegram: https://t.me/financemagnatesnews
Don't miss out on our latest videos, interviews, and event coverage.
🔔 Subscribe to our YouTube channel for more!🔔
Join us at FMLS:24 to connect with global institutional brokers. Secure your spot today! #fmls24
Join us at FMLS:24 to connect with global institutional brokers. Secure your spot today! #fmls24
🌟 Explore cutting-edge solutions and connect with fintech leaders at FMLS:24!
🌟 Explore cutting-edge solutions and connect with fintech leaders at FMLS:24!
🤝 Meet industry leaders at the premier event for brokers – FMLS:24. Secure your spot today!
🤝 Meet industry leaders at the premier event for brokers – FMLS:24. Secure your spot today!