Riyadh – Sharikat Mubasher: Abdul Latif Jameel (ALJ) Finance, a Saudi Central Bank–regulated provider of innovative financing services, announced signing a Memorandum of Understanding (MoU) with Ant International, a global leader in digital payments and financial technology, to explore new opportunities in Saudi Arabia’s growing fintech sector.
As per the company’s press release, the partnership aims to empower micro, small, and medium enterprises (MSMEs) through advanced digital financial services, supporting the Kingdom’s ongoing digital transformation and Vision 2030 objectives. Both companies will collaborate on developing cross-border payment solutions, embedded finance, and digitization tools for businesses and consumers.
The collaboration will also explore how Ant International’s WorldFirst platform—an all-in-one digital cross-border payment and treasury service—can support Abdul Latif Jameel Finance’s digital strategy, while leveraging Alipay+, Ant’s global mobile wallet gateway, to help Saudi merchants expand locally and internationally.
Khalid Alsharif, CEO of Abdul Latif Jameel Finance, said the partnership marks an important step toward building inclusive financial solutions that strengthen Saudi Arabia’s fintech ecosystem. Meanwhile, Leiming Chen, Senior Vice President of Ant International, emphasized the company’s commitment to supporting Saudi Arabia’s digital economy through partnerships with leading regional players.
