MoneyHash & Moyasar Forge Strategic Saudi Partnership
▼ Summary
– MoneyHash and Moyasar have formed a strategic partnership to collaborate in Saudi Arabia’s growing digital economy.
– The partnership aims to advance financial technology and support Saudi Arabia’s vision for payment innovation and digital transformation.
– MoneyHash brings payment orchestration expertise, while Moyasar contributes local presence and regulatory credentials from SAMA.
– Both CEOs emphasized that this collaboration will accelerate growth and support businesses in the fintech ecosystem.
– The companies will work together on initiatives that foster innovation and contribute to Saudi Arabia’s ambition as a global financial hub.
MoneyHash, the Middle East and Africa’s premier payment orchestration platform, has entered into a strategic partnership with Saudi-based fintech firm Moyasar, a company licensed by the Central Bank of Saudi Arabia (SAMA). This collaboration is set to enhance the digital payment infrastructure within the Kingdom’s rapidly expanding digital economy, fostering innovation and aligning with national goals for financial modernization.
The alliance underscores a shared dedication to advancing financial technology and supporting Saudi Arabia’s broader vision for digital transformation. By leveraging MoneyHash’s specialized payment orchestration capabilities alongside Moyasar’s deep local market knowledge and regulatory standing, the partnership aims to drive meaningful progress in the fintech sector.
Nader Abdelrazik, CEO of MoneyHash, emphasized the significance of the agreement, stating, “Saudi Arabia boasts one of the most vibrant digital economies in the region. Teaming up with Moyasar allows us to combine global expertise with local insight, accelerating growth and supporting the Kingdom’s fintech ambitions.”
Abdulaziz Alshetwi, CEO of Moyasar, echoed this sentiment, noting, “Collaboration is central to our mission. This memorandum of understanding with MoneyHash opens the door to long-term cooperation that will create new opportunities for businesses and reinforce Saudi Arabia’s position as a hub for financial innovation.”
MoneyHash operates as a dedicated payment orchestration and revenue operations platform designed for the Middle East and African markets, offering businesses the tools needed to adapt to a fast-changing financial environment. Meanwhile, Moyasar, founded by Saudi engineers and based in Riyadh, delivers secure and scalable digital payment solutions tailored to the needs of local enterprises.
(Source: MEA Tech Watch)
