Mastercard announces collaborations in Saudi Arabia and Jordan

Details: Vaughan O'Grady; Category: Mobile Finance; 13 January 2026; 9361 views

A busy start to the week for payments giant Mastercard has included announcements of major deals in Saudi Arabia and Jordan.

In Saudi Arabia Mastercard has announced a collaboration with STC Bank. Leveraging Mastercard Move, Mastercard’s portfolio of money movement capabilities, the collaboration will enable STC Bank’s customers to benefit from fast, secure, reliable and cost-efficient digital cross-border transfers from Saudi Arabia to 120 countries, thus, say the partners, meeting the needs of consumers and businesses across the country in search of fast and flexible virtual payments solutions.

The Mastercard Move portfolio of solutions reaches more than 200 countries and territories and over 150 currencies, with access to more than 95% of the world’s banked population.

Leveraging Mastercard Move, banks and non-bank financial institutions can offer their end customers transparency and choice through trackable payments, visibility of fees, estimated delivery times, certainty about the amount received and the option to receive payouts to bank accounts, digital and mobile wallets, cards and cash, thereby expanding access point options.

In Jordan, meanwhile, Middle East Payment Services (MEPS), a digital financial solutions provider, is now offering Click to Pay to its e-commerce merchants through the global payment processing solution Mastercard Gateway. This collaboration, says Mastercard, strengthens MEPS's role in Jordan's payments ecosystem and supports broader access to secure and efficient digital payment solutions.

Click to Pay provides a password-free, streamlined checkout experience designed to make online payments faster, more convenient and with improved security for customers.

With worldwide connectivity to over 240 acquirers and support for more than 35 payment types, Mastercard Gateway is available via Merchant Cloud, a next-generation payments platform.

Through this partnership, says Mastercard, MEPS will enable licensed banks, payment service providers, money exchange houses, and fintechs to deliver secure and convenient cross-border payment solutions.

Click to Pay integrates directly into the checkout process, offering built-in security through network recognition and EMV 3-D Secure (an industry standard security protocol). It also leverages Mastercard’s tokenisation technology, which replaces sensitive payment data with encrypted tokens to safeguard financial information and improve transaction approval rates.