NEWS
Mastercard launches Mastercard Gateway to boost secure digital payments , ecommerce
Mastercard announced the launch of world class technology infrastructure in Saudi Arabia that will enable the processing of ecommerce transactions locally , providing a seamless and secure payments experience for both Mastercard partners and consumers , supporting the acceleration of the Saudi Arabia ’ s digital commerce .
As part of its efforts to empower the digital transformation , drive economic diversification and empower innovation in Saudi Arabia , and under the patronage of The Saudi Central Bank , SAMA , the local establishment of Mastercard Gateway widens the technology company ’ s footprint in the region and underlines Mastercard ’ s commitment to contributing its expertise as a trusted technology partner and enabler of Saudi Arabia ’ s digital economy and future goals .
Mastercard Gateway is a single touchpoint that powers payment and digital acceptance solutions across new and existing markets and channels , locally and globally . Merchants benefit from support for 30 + different payment methods and risk management solutions such as fraud detection and prevention , while customers enjoy advanced , secure protection from cybercrime .
In 2023 , Mastercard Gateway processed more than 950 million payments in Saudi
Arabia , across all payment methods , supporting the growth of digital commerce in the market .
This innovative infrastructure asset bundled with tailor-made applications and services will enable the processing of local ecommerce transactions efficiently and securely .
“ As a company that is powering economies and empowering people , we understand the importance of a world-class payment infrastructure . We are proud of our long legacy in the Saudi Arabia and the unveiling of our secure technology infrastructure in the Saudi Arabia is a landmark moment that reinforces our commitment to digitization and diversification . We will continue to work closely with local leadership to collaboratively fuel the payments ecosystem in Saudi Arabia as we empower its people and businesses ,” said Adam Jones , Division President , West Arabia at Mastercard .
Axis Communications opens new office and Experience Centre in Riyadh
Axis Communications , the global provider in security and network surveillance technologies , celebrated the grand opening of the company ’ s new office and Axis Experience Centre in Saudi Arabia , solidifying its presence and reaffirming its commitment to sharing new ideas and fostering new relationships in the Middle East .
An opening ceremony for the new hub was attended by members of the Axis MEA team , notable guests including Peter Lindström , Executive VP of Sales and Marketing at Axis Communications , Verena Rathjen , Vice President EMEA at Axis Communications , and Petra Menander , Swedish Ambassador to Saudi Arabia , as well as members of the media and other business and industry stakeholders .
The event featured a ribbon-cutting ceremony and live demonstrations of Axis ’ s advanced technologies , and served as a networking opportunity for key Axis partners and customers . The event also featured speeches from notable guests , including Peter Lindström , Executive VP of Sales and Marketing at Axis Communications .
The Axis Experience Centre in Riyadh is the second centre of its kind in the Middle East , with a centre already operating in Dubai , United Arab Emirates .
The state-of-the-art , 252 sqm facility , located at Unit 6-8 , Home Offices , Al Urubah Road , serves as a hub and meeting point for Axis customers , partners and integrators , and features a behind-the-scenes look at the latest technologies and innovations .
These include innovations in key research and product development areas , including end-to-end solutions , smart cities and smart traffic management , cybersecurity , and total cost of ownership , TCO .
Visitors to the centre will get to enjoy a hands-on demonstration of Axis network video , audio , and access control solutions , and learn more about how their organizations can unlock new business value and benefit from those solutions . Visitors can also learn more about the current trends in the physical security industry , and gain expert insights on current and future technological developments .
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