Riyadh - Sharikat Mubasher: Riyad Bank announced the launch of the Travel and Expense (T&E) Corporate Card program, its first corporate card offering in the Kingdom, in collaboration with Mastercard.

The program is tailored to the needs of a rapidly growing business community and offers two new corporate card variants for Saudi Arabia, as announced in the official statement released yesterday.

It presents a range of differentiated benefits and empowers users with enhanced data capture, streamlined reconciliation, and localized travel rewards, complemented by Mastercard’s proprietary web-based expense management system.

Mohammed Abo Al-Naja, Chief Corporate Banking Officer at Riyad Bank, said: “Our collaboration with Mastercard is built on this shared focus. Our new corporate card program was created with this in mind, equipping enterprises with two tailored offerings that improve the efficiency of their travel and expense operations.”

In turn, Saud Swar, Country Manager for Saudi Arabia, Bahrain, Jordan, and other Levant at Mastercard, commented: “We are very pleased to have teamed up with Riyad Bank to serve the travel and expense needs of enterprises operating in the Kingdom and beyond. Our new corporate card program will empower these businesses to realize their potential and contribute to the development of a world-class digital economy in the process.”

The Travel and Expense (T&E) Corporate Card program addresses the payment needs of merchants and corporates in an evolving digital economy, offering the choice of “versatile” corporate cards designed to fulfil the vital, everyday requirements of the Kingdom’s most enterprising cardholders, and “executive” cards ideally suited to senior management.