Mastercard and Fintech Saudi have signed a Memorandum of Understanding (MoU) to advance the growth and development of the Saudi Arabian fintech industry.

Utilising Mastercard’s expertise, advisory and solutions, fintechs across the country will be supported to scale and grow their businesses.

“Fast becoming a global hub of tech and SME innovation, Saudi Arabia is successfully building a vibrant fintech ecosystem, with Kingdom’s commitment to developing a cashless economy serving as the foundation of this success. Our partnership with Fintech Saudi will enable us to better support new and established startups by delivering secure, innovative, and diverse payment solutions and digital services”, said Adam Jones, Country General Manager, MENA Central, Mastercard.

The partner of Fintech section is