Swift Card Payments Expansion Linking UK and Saudi Arabia20 Feb 2026 13:09
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MobilityOne Limited Unveils £8.4 Billion Swift Card Payments Expansion Linking UK and Saudi Arabia
London — 20 February 2026
Digital payments provider MobilityOne Limited today announced a major expansion of its mobility payments platform powered by enhanced card settlement through the global SWIFT infrastructure, unveiling plans for a high-value rollout connecting the UK, Europe, and Saudi Arabia in a deal valued at more than £8.4 billion.
The initiative aims to transform transport and smart-city transactions by enabling seamless, real-time card payments across public transport networks, parking systems, and mobility services — creating what the company described as “a new era of frictionless global movement.”
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🚆 Record investment in next-generation mobility payments
MobilityOne said the programme will introduce instant card processing and cross-border settlement capabilities for urban mobility operators, with projected transaction volumes expected to exceed £120 billion annually once fully operational.
Key features include:
• Ultra-fast contactless card payments for rail, buses, and shared mobility
• Real-time transaction settlement across international banking networks
• Unified payment infrastructure for transport authorities and operators
• Full interoperability for international travellers between the UK and Saudi Arabia
Executives described the expansion as one of the largest fintech-led mobility infrastructure investments in recent years.
The company confirmed that Saudi transport authorities and financial institutions will participate in pilot deployments beginning later this year, with significant infrastructure investment estimated at £2.1 billion for regional integration.
🌍 UK–Saudi digital partnership drives growth
MobilityOne said the partnership strengthens economic and technological links between the UK and Saudi Arabia, supporting large-scale smart city development and next-generation payment infrastructure.
Saudi Arabia’s rapidly expanding urban mobility sector — backed by multi-billion-pound investments in digital infrastructure and transport modernisation — is expected to generate substantial transaction growth for the platform.
Industry analysts say the move positions MobilityOne at the centre of a fast-growing global market for integrated mobility payments, which is projected to exceed £500 billion in annual value by 2030.
🏙️ Smart cities and global expansion
The company’s platform connects banks, transport operators, and retailers into a single digital ecosystem, enabling users to move seamlessly between cities, countries, and services using a single payment method.
MobilityOne said its long-term vision includes:
• Fully integrated smart-city payment environments
• AI-driven transaction optimisation for operators
• Cross-border digital commerce linked to mobility services
• Expansion across Europe, the Middle East, and Southeast Asia