Egyptian fintech leader MoneyHash has partnered with Saudi Arabia’s Amwal Tech to accelerate payment adoption in the Kingdom. This collaboration integrates Amwal Tech’s aggregated credit card installment services into MoneyHash’s unified payment orchestration platform. Consequently, it will provide merchants and consumers in Saudi Arabia’s rapidly growing fintech market with greater flexibility and innovative payment solutions.
Strengthening Saudi Arabia’s Fintech Infrastructure
MoneyHash, founded in 2021, is a leading payment orchestration platform in the Middle East and Africa. Its system acts as a central hub, allowing businesses to connect to multiple payment providers through a single integration. After a successful beta and a recent $5.2 million pre-Series A funding round, the company is expanding its enterprise suite.
Amwal Tech is a Saudi fintech pioneer specializing in high-limit credit installment solutions. By plugging these services into MoneyHash’s platform, the partnership makes it easier for merchants to offer flexible payment plans, a feature increasingly critical for boosting sales and customer spending power.
Driving Merchant Value and Consumer Flexibility
Nader Abdelrazik, Co-founder of MoneyHash, emphasized the strategic importance of installments. “Installments are no longer a nice-to-have but a critical tool for merchants to grow sales and for customers to better manage their spending,” he said. The partnership allows businesses to deploy these solutions rapidly and confidently via MoneyHash’s orchestration layer.
This move follows MoneyHash’s recent partnership with noon payments, a major Saudi digital payment gateway. Together, these alliances solidify MoneyHash’s role as essential payment infrastructure in the region. They connect leading providers and empower businesses to activate advanced solutions without managing multiple, complex integrations.
A Unified Ecosystem for Growth
The MoneyHash Amwal Tech partnership is a significant step in maturing Saudi Arabia’s digital payment landscape. By combining orchestration with specialized credit services, the collaboration addresses key merchant and consumer needs. It exemplifies the strategic partnerships driving fintech innovation in the MENA region, making advanced financial tools more accessible and efficient for widespread adoption.