Payment orchestration platform MoneyHash and Saudi fintech company Amwal Tech have entered into a strategic collaboration aimed at expanding flexible payment solutions in Saudi Arabia.
The partnership will see Amwal’s “high-limit installment payment solutions” integrated into MoneyHash’s unified orchestration platform.
The collaboration is said to strengthen MoneyHash’s position as the central infrastructure linking payment providers across the region, allowing businesses to deploy solutions with a single integration.
With the addition of Amwal offerings to its platform, merchants can offer flexible installment payment options, MoneyHash said.
MoneyHash payment orchestration software supports multiple payment gateway connections through a single application programming interface (API), enabling features such as intelligent payment routing, multi-currency processing, and a unified dashboard for operational management.
Amwal Tech, a payment service provider regulated by Saudi Payments (the Central Bank of Saudi Arabia), claims to offer flexible credit card installments, high transaction limits, and fast 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 who shares our vision for smarter, more customer-centric payments innovation.”
Through this collaboration, both companies aim to help businesses offer 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 tool, but a critical tool for merchants to increase 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 quickly and confidently through our orchestration layer.”
“MoneyHash, Amwal Tech to expand flexible payments in Saudi Arabia” was originally created and published by Electronic Payments International, a brand owned by GlobalData.
The information contained on this site has been included in good faith for general information purposes only. It is not intended to be advice on which you should rely, and we make no representation or warranty, whether express or implied, as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action based on the content on our site.