Bahrain Bourse falls    A delegation of Caucasus Muslims visits King Abdulaziz Complex for Holy Kaaba Kiswa    KSA Provides 2 Million USD to Islamic Organization for Food Security    Saudi Press: KSA's Attractive Investment Environment    Asian markets mixed    Israeli forces arrest 22 Palestinians in West Bank    Command of Coalition to Restore Legitimacy in Yemen: Intercepting and Shooting Down A Drone Launched by Terrorist Houthi Militia from Saada towards KSA    Bahrain Bourse falls    Six Flags Qiddiya Unveils Park Design    SAGO to Import 780,000 Tons of Feed Barley    Lampard earns first win as Chelsea boss at Norwich    Saudi Youth Basketball Team Defeats UAE in the Gulf championship    Saudi Table Tennis Team Won 4 medals, during West Asian Championships    Saud Al-Haqbani Crowned with the Spanish Friendly Tennis Championship Shield    FAO Regional Director for Communication commends KSA for services for pilgrims    Al-Azhar Undersecretary praises KSA's services for pilgrims    SFDA Co-signs MoU with Bahraini National Organization for Regulation of Occupations, Health Services    Haifaa Al Mansour Represents Saudi Cinema at the Venice International Film Festival    A New Medical and Scientific Achievement to Serve Ophthalmology in KSA and the World    Neonate life is saved after successful Encephalocele operation    Custodian of the Two Holy Mosques Addresses Citizens and Muslims on Eid Al-Fitr    Custodian of Two Holy Mosques addresses Citizens and Muslims on the Advent of Holy Month of Ramadan    Ministry of Hajj and Umrah Launches Awareness Message on Sacrifice Day    Custodian of Two Holy Mosques addresses the Saudi people and Islamic nation on the blessed Eid Al-Fitr    Newcastle Beat West Ham 3-0 for their first Win of the Season    Mourinho insists Ibrahimovic must be good enough for Manchester United    Reforms have saved the economy from possible recession, say analysts    The King and Crown Prince congratulates Moldova's President    More than 1,5 million pilgrims arrive in Saudi Arabia, so far    MWL allocates SR 7 million for Eid sacrifice project in 47 countries    Saudi Campaign provides educational and training services for Syrians in Al-Za'tari camp    Saudi student goes missing in Kentucky, US    Harvey lashes Texas US coast with high wind, torrential rain    North Korea tests short-range missiles as South Korea, US conduct drills    Samsung leader Jay Y. Lee given five-year jail sentence for bribery    Known days    "MODON" Signs MoU with Chinese Goldwind Company for wind-turbines manufacturing in the Kingdom    Flyadeal, Saudi Arabia's new low-cost airline, scheduled to launch on September 23, reports    Mastercard launches Masterpass in the Kingdom of Saudi Arabia    Honda among 27 Japan players named for World Cup qualifiers    Joker, Harley Quinn movie in works with 'Crazy Stupid Love' filmmakers    Madhuri Dixit to venture into Marathi films as a producer    Consumers warned against using some brands of face powder, hair products    How 'GOT' makers made the frozen lake in 'Beyond the Wall'    Shraddha Kapoor wants people to help the needy    Neymar targets improvement after phenomenal home debut    Politicizing the pilgrimage    Rakhi 2017: "Bond of Love" between a brother and his sister    







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Mastercard launches Masterpass in the Kingdom of Saudi Arabia
Published in Alriyadh on 24 - 08 - 2017

In a move aimed at strengthening the Kingdom's cashless ecosystem through innovative payment technologies, Mastercard, a leading technology company in the global payments industry, has launched its global digital payment service, Masterpass, in Saudi Arabia. The National Commercial Bank (NCB) is the first bank in the Kingdom to offer the service to its customers.
Masterpass is a simple, convenient and trusted digital payment service for faster safe shopping at thousands of retailers – online, in-app or in-store. With Masterpass, consumers can make intuitive and secure purchases across devices, channels and borders from a single trusted solution.
"Masterpass is a revolutionary payments technology that has transformed the way we shop and make payments. The launch of Masterpass in Saudi Arabia comes at a time when the retail and e-commerce industry in the Kingdom is at the cusp of a number of significant developments including a strong shift towards electronic payments. Moreover, as part of Saudi Vision 2030, advancements in technology are set to play a defining role in driving long-term social and economic growth, and Masterpass, as an industry-leading innovative solution, represents the future of payments," said Basel El-Tell, General Manager, Saudi Arabia and Levant, Mastercard.
"NCB, the leading card issuer in the Kingdom, is constantly innovating its credit and prepaid card products to ensure the best experience and benefits, including the highly popular LAK loyalty program, for its cardholders. The introduction of Masterpass is another good example of such innovation whereby NCB's cardholders can now enjoy secure online transactions with a simple click on the Masterpass button. NCB continues to be a true driving force in promoting a cashless society as NCB eCommerce transactions has grown in 2017 by almost 200% and cements its footing as a premier provider of Digital Services. This step will further emphasize our ‘Mobile First' Digital Strategy to enrich our clients' experience in the Kingdom", said Hamed Fayez, Senior Executive Vice President, Head of Retail Banking Group, The National Commercial Bank.
By implementing the Masterpass digital payment service, NCB's credit and prepaid cardholders will register their cards once and thereafter enjoy the convenience of completing their online purchases with just a click on the Masterpass button. Apart from convenience, the elimination of storing card details with multiple online merchants and the multi-layer cutting-edge security provided by Mastercard provide peace of mind to NCB's cardholders.
Masterpass is also an easy choice for merchants owing to the service's many features including access to a larger consumer base through Masterpass' global network, greater transaction security across channels, improved and consistent cross-channel checkout experiences for consumers, and implementation support provided by Mastercard.
Masterpass is now available in more than 37 markets internationally and the digital payment service is accepted by more than 340,000 merchants to enable online and in-app purchases, and at more than 6.5 million merchant locations in 97 countries that accept contactless payments.


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