Riyadh – Sharikat Mubasher: Quara Finance, a Saudi company licensed by the Saudi Central Bank that delivers Shariah-compliant products and financing solutions, announced the rollout of a new innovative digital payment solution for Jarir Bookstore.

 This E-commerce platform is considered a significant stride towards improving digital financial services for the retail sector, as it enables clients to leverage Quara’s digital channels to finalize different transactions, according to the company's press release.

The new digital payment solution helps enhance the experience of clients given that it offers direct fast and convenient financial options for all Jarir Bookstore audience.

The new solution, planned for further expansion later, was designed to be applied to other stores, a thing that reflects Quara’s commitment to cater to all its customers’ needs.

Moreover, the advanced features of chatbots and the ability of future integration with WhatsApp, alongside this new feature contribute to creating an all-inclusive digital service environment, which enhances users’ experience.

On this occasion, Faisal Al-Alshaikh, Chief Executive Officer at Quara Finance commented: “Quara Finance continues its contribution to push sustainable economic growth wheel and back the efforts of digital transformation in the Kingdom of Saudi Arabia by means of expanding its financial solutions for the retail sector. This new digital payment solution dedicated to Jarir Bookstore embodies our company’s message in providing an easily accessible financial solution that mainly focuses on customers’ needs amidst a fast-paced evolving digital era”.

Notably, Quara Finance provides flexible Sharia-compliant installment payment plans with a facilitated approvals process to Jarir Bookstore customers for up to 36 months and for up to SAR 30,000 worth of purchases with a competitive low-profit margin without any down payments.