- Long-term agreement will see NCB and Mastercard leverage innovative technologies to deliver new payment solutions in the Kingdom
- NCB will exclusively issue Mastercard debit, credit, prepaid and commercial products
9 October 2019, Riyadh, Saudi Arabia: National Commercial Bank (NCB) and Mastercard have announced an exclusive partnership to foster payments innovation in Saudi Arabia. NCB and Mastercard will partner to roll out a suite of card-based payment products and collaborate to develop and deliver advanced technology solutions that augment the payment experience for NCB customers.
As NCB scales up its operations to strengthen its position as the leading banking group in the Middle East, the partnership will further enable the bank to deliver world-class solutions to its growing customer base.
Alsharif Khalid Al-Ghalib, Senior Executive Vice President, Head Retail Banking Group, NCB commented: “This strategic agreement with Mastercard comes as part of our relentless efforts to deliver the latest and most innovative payment solutions to our customers. As the leading bank in Saudi Arabia, we are delighted to engage in this long-term partnership with Mastercard to leverage their global expertise and network to drive innovation and support the evolution of the Kingdom’s financial ecosystem.”
Khalid Elgibali, Division President, Middle East and North Africa, Mastercard said: “We are delighted to extend our relationship with NCB, one of Mastercard’s longstanding partners in the region, to foster payments innovation in the market and further support the Kingdom’s transition towards a more digital economy. Together, NCB and Mastercard will elevate the customer experience by offering cutting-edge digital solutions across NCB’s private banking, wealth management, personal banking and youth segments, making every interaction with its solutions a priceless one.”
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