Saudi Arabia’s tiqmo signs partnership deal with Mastercard

By Shilpa Annie Joseph, Official Reporter
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tiqmo-Mastercard Partnership
Officials during the signing ceremony.

Saudi Arabia-based tiqmo, a leading innovative fintech application licensed by the Saudi Central Bank (SAMA), has signed an exclusive partnership agreement with Mastercard in order to issue prepaid cards in the Kingdom.

Using Mastercard’s diverse range of solutions, including the technology company’s Cross-Border Payment services and tokenization, tiqmo will be enabled to offer consumers greater access to an advanced suite of modern payment services that cater to the changing needs and demands of the wallet’s users.

This partnership is in line with Saudi Vision 2030 and the Kingdom’s digital transformation objectives. Furthermore, it extends both Mastercard and tiqmo’s work to redefine financial services, changing it for the better by launching leading-edge digital products, services, and experiences.

Mr. Abdulaziz Ajlan AlAjlan, the Managing Director of tiqmo, stated that, “Our goal is to redefine the digital financial services by offering access to enhanced innovative digital experiences, experiences that put consumers’ financial futures in their hands.”

“Ultimately, we aim to reshape the Kingdom and region’s digital payments space, elevating it to become one of the best, most secure, and reliable in the world. Our partnership with Mastercard takes us one step closer to achieving this, expanding our product portfolio and delivering an advanced range of products,” the tiqmo MD further added.

“We are fully committed to empowering innovation and driving growth by serving as a partner of choice to future-focused entities. Together with tiqmo, we aim to introduce even more state-of-the-art solutions to the Kingdom and region, pioneering offerings that deliver greater convenience, peace of mind, and quality to businesses and consumers,” said Mr. Adam Jones, Country General Manager of Mastercard MENA Central.

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