Mastercard has partnered with Enjaz Company to introduce new card products for individual and business customers in Saudi Arabia.

Enjaz provides financial services and digital wallets, including money transfer solutions.

The Mastercard Enjaz partnership aims to widen the company’s product range and customer base.

Existing customers will receive tools for their daily financial and lifestyle needs.

Using Mastercard’s technology, Enjaz will offer card products and digital services to expatriates, frequent travellers and high-net-worth individuals.

Mastercard described these as growing groups in Saudi Arabia. The products are designed to offer greater security and personalised benefits, it said.

The company pointed to the country’s fintech and national tourism strategies under Vision 2030.

It said they have set Saudi Arabia apart as a growing hub for small and medium-sized enterprises (SMEs) and a tourist destination.

“Digital transformation has had an indelible impact on all areas of business and life; with our customers and the businesses we support benefiting greatly from the development of an inclusive and sophisticated digital economy,”

said Bassam Suleiman Aleidy, CEO at Enjaz.

“As highlighted by the Mastercard SME Confidence Index 2026, digital adoption is changing the way business is conducted across these sectors,”

said Saud Swar, country manager for Saudi Arabia, Bahrain, Jordan and other Levant markets at Mastercard.

Of the SMEs surveyed for the index in Saudi Arabia, 77% accept online payments, 67% accept card payments and 54% accept mobile payments.

Mastercard said the collaboration will help increase cashless transactions in Saudi Arabia.

Featured image: Edited by Fintech News UAE, based on image by Mastercard via its website.