Press Releases |24/06/2024

urpay collaborates with Mastercard Move to Enhance Cross-Border Payment Services

Press Releases | 24/06/2024

urpay collaborates with Mastercard Move to Enhance Cross-Border Payment Services

In its ongoing mission to build a comprehensive digital economy, urpay, the innovative digital wallet, has announced a strategic agreement with Mastercard.

This collaboration aims to provide customers in the Kingdom of Saudi Arabia with a suite of international payment solutions, aligning with the ambitious goals of Saudi Vision 2030 and fostering the digital transformation of the banking sector.

Through this agreement, urpay customers will be enabled to take full advantage of products and offerings — including cash pick up, bank deposit and digital wallet transfers — that cater to their preferences. Providing greater convenience and added peace of mind, the collaboration between Mastercard and urpay will also advance financial inclusion and create an even more accessible digital economy by supporting urpay customers to make international payments to over 180 countries worldwide. These services will be provided through urpay digital wallet.

Abdullah Alibrahim, CEO at neoleap, commented, "We are excited to contribute to the strengthening of the financial services sector in Saudi Arabia and to lay the groundwork for prosperity and sustainable success. Our goal is to develop a comprehensive suite of services that enable consumers to conduct their financial transactions seamlessly. This partnership with Mastercard will allow us to offer advanced solutions that meet our customers' needs and accelerate the digital transformation of financial services in the Kingdom."

“Today, more so than ever, people and businesses around the world are crossing international divides and boundaries with the push of a button. Our cross-border services are fully geared towards doing exactly that. Together with urpay, we aim to empower consumers across the Kingdom to make more secure and straightforward international payments through our diverse selection of offerings,” said Adam Jones, EVP and Division President, West Arabia, Mastercard.

urpay’s digital wallet is dedicated to redefining and simplifying financial transactions, overcoming barriers, and driving digital transformation in Saudi Arabia. With a strong commitment to enhancing financial inclusion, urpay offers a variety of solutions that ensure security and ease for consumers. In under two years, urpay has attracted over 5 million customers, demonstrating its rapid growth and success.