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Geidea and Mastercard join forces to accelerate digital payment adoption for SMEs in the UAE

Dec 12, 2024•over 1 year ago

Contract Type

partnership

RiyadhFinancial ServicesFinanceFintechLending

Description

Geidea, a leading licensed fintech company in the UAE, has formed a strategic partnership with Mastercard, a global technology company in the payments industry. This collaboration aims to accelerate digital payment adoption among small and medium-sized enterprises (SMEs) in the UAE by enabling them to accept payments via Mastercard Gateway, thus simplifying payment processes for online merchants.

Company Information

Company

Geidea

Location

Riyadh, Riyadh Region, Saudi Arabia

About

Geidea is a leading fintech innovator, delivering comprehensive payment solutions to businesses and financial institutions in Saudi Arabia and across the globe. Founded by Abdullah AlOthman on principles of innovation, efficiency, and accessibility, Geidea continues to redefine the financial services landscape, pushing the boundaries of what is possible in fintech. The company is expanding internationally with operations in the UAE and Egypt, processing more than a billion transaction a year. Geidea is headquartered in Riyadh where Mr AlOthman serves as the Executive Chairperson.

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Strategic

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Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months

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