logo-en
  • Home
  • Companies
  • Investors
    • Home
  • FinTech Hub
  • News
LoginRegister
  • english iconEnglish
  • english iconArabic
  1. Mubasher News
  2. Wateer processes 25 mn digital receipts worth SAR 3 bn

Wateer processes 25 mn digital receipts worth SAR 3 bn

NOHA.GAD
Nov 9, 2025
Majid Alharbi, Founder and Chief Executive Officer of Wateer

Riyadh - Exclusive Sharikat Mubasher: Wateer, a leading Saudi digital platform transforming customer experience through interactive digital receipts, has successfully handled 25 million digital receipts and processed transactions worth SAR 3 billion since its launch in 2023, Founder and Chief Executive Officer Majid Alharbi stated in an interview with Sharikat Mubasher.

Speaking on the sidelines of Biban 2025, Alharbi explained that Wateer was established within one of the business accelerators launched by the Small and Medium Enterprises General Authority (Monsha’at) and currently operates in 18 regions across the Kingdom.

He noted that the company has delivered 1 million digital receipts during its first year, reflecting the growing demand for digital receipts in Saudi Arabia.

Alharbi highlighted that Wateer won the "Into New Worlds" Award at LEAP 2024 and received the "Ebtker" award from Monsha’at.

He further emphasized the company’s efforts to expand the reach of its digital solutions, backed by government entities, ultimately empowering more merchants and consumers to benefit from the digital transformation in the financial services sector.

Wateer helps businesses digitalize their transactions effortlessly, eliminate paper waste, reduce costs, and enhance the customer experience with interactive digital receipts.

Biban 2025 took place in Riyadh from 5 to 8 November, gathering startup founders, investors, global CEOs, policymakers, and thought leaders. It welcomed over 200 local and global speakers and 1,000 exhibitors from 150 countries to spark strategic partnerships, unveil new agreements, and create financing, training, and advisory solutions to accelerate the growth of startups and SMEs.

Tags

Saudi Arabia
Biban 2025
Financial services
digital receipts
Share

Attract clients with your ad

Start Now

Trending

Buraq AI secures 40% of new funding round, eyes completion post-Biban talks
MUBASHER.SA
Wateer processes 25 mn digital receipts worth SAR 3 bn
MUBASHER.SA
Monsha’at, Tayseer Finance ink SAR 3 bn deal to boost SME financing
MUBASHER.SA
Albeladi: Business Hub empowers entrepreneurs through strategic partnerships
MUBASHER.SA
Egypt’s Bus14 unveils plans to expand into Saudi market
MUBASHER

Related News

Fintech News
Calendar Icon
Nov 9, 2025
Wateer processes 25 mn digital receipts worth SAR 3 bn
Read More
Fintech News
Calendar Icon
Oct 20, 2025
AlRajhi Bank pacts with Mozn to harness AI in fraud prevention
Read More
Fintech News
Calendar Icon
Oct 20, 2025
Tabby, MoneyHash join hands to empower merchants with flexible BNPL solutions
Read More
Fintech News
Calendar Icon
Oct 6, 2025
Saudi Arabia leads region in cross‑channel shopping
Read More
Fintech News
Calendar Icon
Oct 1, 2025
PoS transactions hit 1 bn in August, sales surpass SAR 62 bn
Read More
Fintech News
Calendar Icon
Oct 1, 2025
SAMA approves EZ Bank with SAR 2.5 bn capital
Read More
Fintech News
Calendar Icon
Sep 30, 2025
Jeel, Bahrain FinTech Bay partner to boost cross-border fintech growth
Read More

Sharikat Mubasher Newsletter

Get insights and exclusive content from the world of business and finance that you can trust delivered to your inbox

Email is Required
Should be a valid email

Democratizing private equity investments

  • Home
  • Companies
  • Investors
  • FinTech Hub
  • News
  • Contact Us
  • Sitemap
2024 All rights reserved to Sharikat Mubasher