SNB Group and Mastercard Expand Digital Commerce Partnership in Saudi Arabia

SNB Group  and Mastercard  announced the expansion of their strategic collaboration to further strengthen digital commerce capabilities for merchants across Saudi Arabia. SNB will continue to leverage Mastercard Gateway as part of Mastercard Merchant Solutions, Mastercard’s unified global payment platform that provides businesses with a single-entry point to a full suite of advanced capabilities and technologies designed to address their e-commerce needs. The collaboration will help SNB deliver secure, seamless and scalable commerce experiences while supporting merchants in meeting evolving consumer expectations and accelerating their digital growth.

By combining SNB’s market leadership with Mastercard’s global expertise in digital payments, the collaboration will help merchants navigate the evolving commerce landscape and respond to growing demand for secure and convenient payment experiences. The enhanced capabilities will support businesses of all sizes in capturing new digital commerce opportunities, while contributing to the continued development of Saudi Arabia’s payments ecosystem and advancing the Kingdom’s broader digital transformation ambitions.

“Developing the digital payments and e-commerce ecosystem is an important pillar of our strategy at SNB, driven by our role in enabling the business sector and supporting the transition towards a more efficient and innovative digital economy. Combining our leadership in the financial sector and payment acceptance solutions with Mastercard’s global network, technology and expertise, our collaboration will provide merchants with enhanced payment capabilities designed to meet the rising demands of Saudi Arabia’s thriving e-commerce sector. Together, we support the development of a reliable and scalable digital payment infrastructure that contributes to the Kingdom’s digital transformation ambitions,”

– Ahmed Bassam Abu Khamsin, Head, Global Transaction Banking, SNB Group

“Mastercard and SNB share a commitment to fueling the ongoing evolution of Saudi Arabia’s digital payments landscape in line with Vision 2030. We are delighted to strengthen our long-standing relationship with one of the Kingdom’s leading financial institutions. Our new agreement provides a strong foundation for future innovation opportunities, allowing us to explore new ways to enhance payment experiences, support merchant growth and contribute to Saudi Arabia’s vibrant digital economy.”

– Saud Swar, Country Manager, Saudi Arabia, Bahrain, Jordan and other Levant, Mastercard

The collaboration builds on SNB Group’s role in empowering businesses to keep pace with the rapid growth of e-commerce by developing payment acceptance services as well as efficient, flexible and secure digital solutions that enhance the experience of merchants and consumers.

Saudi Arabia has one of the region’s most dynamic e-commerce markets that is currently valued at $31.29 billion. This number is projected to reach $54.87 billion by 2031 with a compound annual growth rate (CAGR) of 11.92%. Last year, the Saudi Central Bank (SAMA) launched a new e-commerce payments interface to keep pace with the rapid growth of the sector.