Saudi FinTech Tweek ha signed exclusive partnership agreements with Mastercard and FinTech Alliance company Paymentology.
In Brief:
Tweeq is building a spending account for consumers and small businesses.
The partnerships will enable digital payment solutions including a spending account and contactless cards.
Paymentology offers digital commerce and payment solutions.
What does this mean?
The partnership aims to help develop a “first-class customer experience”. According to the release, the partnership agreements are in line with Saudi Vision 2030, a plan to reduce the country’s dependence on oil, part of which is to “develop the FinTech environment and provide financial inclusion for all sections of society”.
