{"id":47802,"date":"2024-02-29T20:48:16","date_gmt":"2024-02-29T17:48:16","guid":{"rendered":"https:\/\/saudishopper.com.sa\/en\/?p=47802"},"modified":"2026-03-28T05:16:21","modified_gmt":"2026-03-28T02:16:21","slug":"mastercard-partners-with-loop-to-launch-innovative-payment-solutions-in-saudi-arabia","status":"publish","type":"post","link":"https:\/\/saudishopper.com.sa\/en\/mastercard-partners-with-loop-to-launch-innovative-payment-solutions-in-saudi-arabia\/","title":{"rendered":"Mastercard partners with Loop to launch innovative payment solutions in Saudi Arabia"},"content":{"rendered":"\n<ul class=\"wp-block-list\">\n<li><em>Exclusive agreement will see Loop and Mastercard launch credit card portfolio and payment solutions.&nbsp;<\/em><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Riyadh, Saudi Arabia; February 29, 2024:<\/strong>&nbsp;Mastercard has partnered with Loop, a leading digital payments technology company licensed by SAMA, to empower businesses and consumers across the Kingdom with greater access to advanced credit card offerings and innovative payment solutions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The partnership will see Loop expand its portfolio, enhance its suite of products and services through leveraging Mastercard technology and expertise. Having signed an exclusive issuing agreement, Loop and Mastercard will partner to issue BIN ranges, enabling consumers, merchants and fintech\u2019s across the Kingdom to benefit from innovative payment solutions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cWe believe financial inclusion is vital to powering social and economic reform in Saudi Arabia. Our goal is to play a leading role in effecting this positive change by pioneering financial solutions that empower our customers to accomplish their goals. Partnering with Mastercard and leveraging the company\u2019s technology will enable us to do that and more, contributing to the Kingdom\u2019s prosperity,\u201d said,&nbsp;<strong>Ali AlObaid CEO, Loop.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cToday, technology and innovation are the bedrocks of sustained success; particularly with businesses and financial institutions around the world being confronted with new and unprecedented challenges. We work to empower our clients and partners with the tools to meet their targets and accomplish their goals. We aim to enable Loop to do just that, catering to the needs of Saudi businesses and consumers with an innovative range of payment solutions,\u201d said&nbsp;<strong>Adam Jones, Country General Manager, MENA Central, Mastercard.<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2024\/02\/LOOP-Signing-2_ssict_1200_800.webp\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2024\/02\/LOOP-Signing-2_ssict_1200_800-1024x683.webp\" alt=\"LOOP Signing #2_ssict_1200_800\" class=\"wp-image-47804\" srcset=\"https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2024\/02\/LOOP-Signing-2_ssict_1200_800-1024x683.webp 1024w, https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2024\/02\/LOOP-Signing-2_ssict_1200_800-300x200.webp 300w, https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2024\/02\/LOOP-Signing-2_ssict_1200_800-768x512.webp 768w, https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2024\/02\/LOOP-Signing-2_ssict_1200_800-1080x720.webp 1080w, https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2024\/02\/LOOP-Signing-2_ssict_1200_800.webp 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Fully aligned with the goals of Vision 2030, the partnership will drive greater fintech enablement across the country, transforming the Saudi digital economy.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The agreement also underlines both entities\u2019 commitment to bolstering the Saudi fintech ecosystem. Together, they will introduce a selection of novel propositions to the Kingdom\u2019s growing community of SMEs and fintech\u2019s, enabling them to meet the demands of a rapidly evolving global economy.&nbsp;&nbsp;&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Riyadh, Saudi Arabia; February 29, 2024:&nbsp;Mastercard has partnered with Loop, a leading digital payments technology company licensed by SAMA, to empower businesses and consumers across the Kingdom with greater access to advanced credit card offerings and innovative payment solutions. The partnership will see Loop expand its portfolio, enhance its suite of products and services through [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":47803,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_meta-robots-noindex":"","_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","_pr_autopilot_social_copy":"","_yoast_wpseo_opengraph_title":"","_yoast_wpseo_opengraph_description":"","_yoast_wpseo_opengraph_image":"","_yoast_wpseo_opengraph_image_id":0,"_yoast_wpseo_twitter_title":"","_yoast_wpseo_twitter_description":"","_yoast_wpseo_twitter_image":"","_yoast_wpseo_twitter_image_id":0,"_yoast_wpseo_primary_category":24,"_extra_hide_author_box":"","_extra_featured_post":"","_partner_post_id":0,"footnotes":""},"categories":[24],"tags":[],"class_list":["post-47802","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","et-has-post-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized 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