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Mastercard teamed up with one more Saudi fintech

Feb 24, 2021

The partnership with Mastercard is in line with Vision 2030

Mastercard Saudi Arabia

Mastercard teamed up with one more Saudi fintech. Source: pexels.com

Mastercard has partnered with Tweeq, to?provide individuals and small businesses based in Saudi Arabia with a seamless money management experience.

The initiative is enabling consumers to send and receive money, pay bills, shop online, make card purchases, set financial goals, and withdraw cash at their fingertips.

Through its partnership with Mastercard, Tweeq will be able to offer the best smart money solutions in the Kingdom. The unique digital experience will offer low-cost and fast turnaround times. It will provide a seamless, smart money management platform aimed at the financial needs of a predominately young population who run their lives on their smartphones and want payment solutions at their fingertips. The long-term plan is to launch Tweeq initially in Saudi Arabia and expand it throughout the Middle East and Africa
Khalid Elgibali, Division President, MENA, Mastercard

Tweeq provides a spending account for individuals and SMEs. It uses an application that enables customers to select the mechanisms that best suit their needs in order to manage their money, make transfers, shop, pay bills and withdraw cash in a seamless and safe way.

In line with Vision 2030 and Financial Sector Development Program it also promotes financial planning, enabling customers to set financial goals and track their plans.

We’ve reported that First Abu Dhabi Bank and Mastercard announced a collaboration.

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