Mastercard announced a collaboration with Enjaz Company, one of the Kingdom’s leading and trusted providers of financial services and digital wallets, including money transfer solutions.
The initiative aims to empower Enjaz’s individual and business customers across Saudi Arabia with greater access to an expanded range of exclusive card offerings that will enhance consumers’ financial services and payments experiences.
In a move that will significantly expand Enjaz’s product suite and customer base, transforming the provider into one of the country’s most reliable card issuers, the collaboration will equip the entity’s existing customers with the tools to meet their daily financial and lifestyle needs.
Catering to the demands of Saudi Arabia’s rapidly growing communities of expatriates, frequent travelers and High-Net-Worth Individuals (HNWIs), Enjaz Company will leverage Mastercard’s state-of-the-art technology to introduce an expansive suite of card products to the Kingdom. These premium card products and digital offerings will provide added convenience and peace of mind, delivering elevated experiences marked by greater security and personalized benefits.
At a time when more enterprises are playing a leading role in Saudi Arabia’s economic transformation, with just under two million SMEs calling the Kingdom home, the Mastercard and Enjaz collaboration will help raise the Kingdom’s cashless transaction rate, taking the Kingdom’s cashless transformation even further, after electronic payments accounted for 85% of total retail payments in 2025, exceeding the Financial Sector Development Program’s target of 70%.
