NCB and Mastercard Launch Best-in-Class Credit Card for Corporates in Saudi Arabia
RIYADH, SAUDI ARABIA – Gulf tech : Mastercard, the global technology leader, and
the National Commercial Bank (NCB), a leading financial institution in the region, have launched
a new corporate credit card offering NCB corporate and MSMEs clients a wide range of financial
solutions.
The Mastercard Corporate World card allows companies to effectively manage their expenses
and corporate payments needs. With a focus on convenience, speed and innovation, the card
aims to maximize companies’ financial control and provide them with full visibility in order to
reduce costs and enhance cashflow.
“As a trusted technology leader and proud supporter of the business community, we are
delighted to collaborate with NCB to expand inclusion for best-in-class financial control, B2B
expenditures and corporate travel benefits. We remain committed to helping businesses by
offering innovative tools and payment solutions that enable them to make the most of the digital
economy and an ever-strengthening payment ecosystem,” said J.K. Khalil, Country Manager,
KSA, Bahrain & Levant, Mastercard.
“We are delighted to once again collaborate with Mastercard for another solution which we
believe will provide strong value to businesses by offering the tools to enhance efficiency as well
as meet their working capital requirements. Through the commercial credit card, our large
corporate customers as well as SME clients will be able to make cashless transactions
seamlessly and conveniently, while maintaining a stronger control over their cash flows.
Furthermore, the initiative will add benefits to our corporate customers such as control of
spending and compliance with corporate policies.” Said Majed Al Ghamdi, Chief Executive
Officer, Retail CEO, NCB
As an exciting new addition to NCB’s comprehensive suite of cash management products, the
new corporate credit card delivers a wide range of innovative benefits and product offerings
designed for the diverse needs of large corporations. Additionally, the dedicated self-service
portal on AlAhli ecorp enables best-in-class relationship management, through which requests
are managed. The card also offers consolidated e-statements and spending trends, so that
cardholders and management can benefit from simplified reconciliation and enhanced,
integrated reporting.
The new credit card features an exclusive host of Priceless offers and rewards, including
complimentary airport lounge access in more than 1,000 lounges across 300 cities with
LoungeKey. It further includes complimentary travel and accident insurance, cover for medical
emergencies, trip cancellations and lost baggage, in addition to other value-added benefits.
Additionally, companies that request an NCB corporate credit card will be able
to benefit having their annual fee waived for the first year. The offer is valid until 30 th June, 2021.
Mastercard remains strongly committed to helping businesses navigate the ever-changing
payment landscape through its tailored commercial solutions. A significant part of Mastercard’s
response to the COVID-19 pandemic has been the company’s pledge of $250 million in
financial, technology, product and insights support over the next five years to small businesses
across the globe, supporting the financial security and vitality of businesses and their workers.
