TeleMoney and Mastercard Partner to Enhance Cross-Border Payments in Saudi ArabiaOctober 20, 2025 — By Jennifer Onyeagoro

TeleMoney, the international remittance arm of Arab National Bank, has partnered with Mastercard to enable seamless global money transfers via Mastercard Move. The partnership supports Saudi Vision 2030 and meets the rising demand for digital remittance solutions. With coverage in over 160 countries and 150 currencies, the collaboration underscores Saudi Arabia’s emergence as a major hub for digital finance and expatriate remittances.

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Mastercard Expands Digital Identity Efforts in Africa and Signs MoU for Payments Ecosystem in Syria

Mastercard extended its digital identity partnership with Smile ID in Africa to scale secure onboarding and fraud prevention, while also signing an MoU with the Central Bank of Syria to develop a national payments ecosystem. These initiatives aim to expand financial inclusion, enhance compliance, and build digital infrastructure in emerging markets.

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