Mastercard has partnered with Saudi Arabia-based Enjaz Company to introduce new card products for individual and business customers. The partnership aims to cater to expatriates, frequent travellers, and high-net-worth individuals. This collaboration is part of the kingdom’s efforts to advance its fintech and national tourism strategies under Vision 2030.
Enjaz, a financial services and digital wallets provider, including money transfer solutions, will expand its product range and customer base through this partnership. Existing customers will also benefit from the new products, which will provide tools for everyday financial and lifestyle needs. Mastercard’s technology will be used to provide greater security and personalised benefits.
According to the Mastercard SME Confidence Index 2026, a significant percentage of Saudi SMEs have adopted digital payment methods, with 77% accepting online payments. The Index also revealed that 67% of surveyed SMEs accept card payments, while 54% accept mobile payments.
Bassam Suleiman Aleidy, CEO of Enjaz, noted that digital transformation has had a profound impact on businesses and daily life.
Supporting Cashless Transactions
The partnership between Mastercard and Enjaz is intended to support the growth of cashless transactions in Saudi Arabia. This aligns with the kingdom’s Vision 2030, which aims to promote fintech and tourism. By providing secure and personalised card products, Mastercard and Enjaz are contributing to the development of a more digital economy.
