Riyadh - Sharikat Mubasher: MoneyHash, the leading payment orchestration platform in emerging and global markets, partnered with Azm Fintech to expand access to the Saudi digital payment ecosystem through Edaat, Azm's licensed billing and collections platform.
This collaboration will enable merchants using MoneyHash to connect directly to Edaat's payment gateway and access SADAD KSA, alongside a range of local billing and collection capabilities, MoneyHash revealed in a press release yesterday.
Businesses will be able to streamline payment acceptance, automate collections, and improve reconciliation processes while operating on infrastructure aligned with the regulatory requirements of the Saudi market.
By combining access to Edaat's billing and collection capabilities with MoneyHash's payment orchestration infrastructure, businesses can expand their payment operations without adding the same level of integration and operational burden that traditionally comes with growth.
Abdullah Khayat, Country Director and General Manager for Saudi Arabia at MoneyHash, affirmed the company’s commitment to providing businesses with the infrastructure they need to access local payment capabilities while maintaining unified control and visibility across their payment operations. “This partnership strengthens that value for businesses in Saudi Arabia, helping them scale with greater flexibility while managing payments through one orchestration platform,” he said.
In turn, Hazem Al Rashed, Vice President at Azm Fintech, commented: “By integrating with MoneyHash, we are making it easier for merchants to access Edaat's capabilities and benefit from a more streamlined approach to billing, collections, and reconciliation. Together, we are helping businesses operate more efficiently and support the Kingdom's ongoing digital transformation journey."
The partnership between MoneyHash and Azm Fintech aligns with Vision 2030’s objectives, aiming to drive innovation across the Kingdom's financial services sector and encourage the adoption of advanced fintech solutions that support economic growth and digital transformation.
