MoneyHash, Amwal Tech to broaden flexible payments in Saudi Arabia

Payment orchestration platform MoneyHash and Saudi fintech firm Amwal Tech have entered into a strategic collaboration aimed at broadening flexible payment solutions in Saudi Arabia.

The partnership will see Amwal’s “high-limit instalment solutions” integrated into the unified orchestration platform of MoneyHash.

The collaboration is said to strengthen MoneyHash’s position as the core infrastructure linking payment providers throughout the region, enabling businesses to implement solutions with a single integration.

With the addition of Amwal’s offerings to its platform, merchants can provide flexible instalment payment options, said MoneyHash.

MoneyHash’s payment orchestration software supports several payment gateway connections via a single application programming interface (API), enabling features such as smart payment routing, processing of multiple currencies, and a unified dashboard for operational management.

Amwal Tech, a regulated payment service provider by Saudi Payments (the Central Bank of Saudi Arabia), claims to provide flexible credit card instalments, high transaction limits, and rapid approval processes.

Amwal Tech CBO and co-founder Reda Reda said: “At Amwal Tech, our mission is to make payments smarter, easier, and more accessible for everyone.

“Partnering with MoneyHash allows us to amplify our impact by aligning with a regional leader that shares our vision for smarter, customer-first payment innovation.”

Through this collaboration, both companies aim to support businesses in offering customers more flexible and convenient payment options, reflecting ongoing developments in Saudi Arabia’s digital payments landscape.

MoneyHash CEO and co-founder Nader Abdelrazik said: “Instalments are no longer a nice-to-have but a critical tool for merchants to grow sales and for customers to better manage their spending.

“Our partnership with Amwal Tech makes it easier than ever for businesses to bring these solutions to market with speed and confidence through our orchestration layer.”

“MoneyHash, Amwal Tech to broaden flexible payments in Saudi Arabia” was originally created and published by Electronic Payments International, a GlobalData owned brand.

The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.