Riyad Bank has partnered with Mastercard to launch a travel and expense corporate card programme, marking the bank’s first dedicated corporate card offering for the business segment in Saudi Arabia.
The collaboration introduces two new card variants designed to address the payment and expense needs of companies operating in the region.
The programme features a versatile corporate card for daily employee requirements and an executive card tailored for senior management.
These payment solutions integrate with Mastercard’s expense management tools, giving businesses oversight to monitor spending, capture transaction data, and streamline account reconciliation.
“We are very pleased to have teamed up with Riyad Bank to serve the travel and expense needs of enterprises operating in the Kingdom and beyond,”
said Saud Swar, Country Manager for Saudi Arabia, Bahrain, Jordan and other Levant, Mastercard.
“Our new corporate card programme was created with this in mind, equipping enterprises with two tailored offerings that improve the efficiency of their travel and expense operations,”
said Mohammed Abo Al-Naja, Chief Corporate Banking Officer, Riyad Bank.
The launch aligns with Saudi Arabia’s ongoing transition to digital payments.
According to Saudi Central Bank (SAMA) figures, retail cashless payments rose to 85% in 2025 from 79% in 2024.
This shift comes alongside an expanding corporate sector, with more than 700 multinational companies establishing regional headquarters in the country.
Additional SAMA figures indicate that spending by travellers abroad rose 7% to SAR 110.4 billion in 2025.
Featured image credit: Edited by Fintech News UAE, based on image by freepik via Magnific
