Saudi-based Loop to leverage Mastercard’s payment solutions

Saudi-based Loop to leverage Mastercard’s payment solutions

Mastercard has partnered with Loop, a leading digital payments technology company licensed by Saudi Central Bank (SAMA), to empower businesses and consumers across the Kingdom with greater access to advanced credit card offerings and innovative payment solutions. The partnership will see Loop expand its portfolio, enhance its suite of products and services through leveraging Mastercard […]Mastercard has partnered with Loop, a leading digital payments technology company licensed by Saudi Central Bank (SAMA), to empower businesses and consumers across the Kingdom with greater access to advanced credit card offerings and innovative payment solutions.

The partnership will see Loop expand its portfolio, enhance its suite of products and services through leveraging Mastercard technology and expertise. Having signed an exclusive issuing agreement, Loop and Mastercard will partner to issue BIN ranges, enabling consumers, merchants and fintechs across the Kingdom to benefit from innovative payment solutions.

Ali AlObaidCEO – Loop

“We believe financial inclusion is vital to powering social and economic reform in Saudi Arabia. Our goal is to play a leading role in effecting this positive change by pioneering financial solutions that empower our customers to accomplish their goals. Partnering with Mastercard and leveraging the company’s technology will enable us to do that and more, contributing