Mastercard announced an alliance with Jeel, a Saudi Arabian entity, to provide access to Mastercard Card-as-a-Service (CaaS) and Bank-as-a-Fintech (BaaF) solutions. This partnership aims to enhance digital financial services in the Kingdom.
The collaboration will enable Jeel to leverage Mastercard's advanced capabilities to offer innovative card and banking solutions. This move is part of Mastercard's strategy to deepen its integration with financial institutions and fintechs in key growth markets.
By expanding CaaS and BaaF offerings, Mastercard is supporting the digital transformation of the financial sector in Saudi Arabia. This alliance is expected to drive new revenue streams and strengthen Mastercard's position in the region's evolving payments landscape.
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