Riyadh - Sharikat Mubasher: Amwal Tech, a leading Saudi fintech company revolutionizing installment card-based payments, forged a strategic partnership with AlRajhi Bank to launch a fully automated Credit Card Installment Solution to transform embedded consumer financing across Saudi Arabia.

Through this partnership, Amwal Tech will enable AlRajhi credit cardholders to seamlessly convert purchases into flexible monthly installments at the checkout, online or offline, with instant approval and zero friction, the company announced in a press release yesterday.

This service will empower customers with smarter financial options and enable merchants to boost conversions and unlock new revenue potential.

Amwal Tech will integrate its infrastructure directly with AlRajhi’s core card system to enable connectivity with merchants, delivering instant access to installments, high-ticket support, and boosted merchant performance.

Commenting on the partnership, Reda Reda, Co-founder of Amwal Tech, said: “This partnership marks a significant step toward empowering customers with greater financial flexibility and providing merchants with tools to enhance customer satisfaction and drive sales.”

On the other side, Ahmed Saeed, General Manager of Tasaheal Program at AlRajhi, stated that the partnership with Amwal Tech enables AlRajhi to offer its customers best-in-class digital financing experiences. “This aligns with our mission to lead innovation in retail banking and deliver more value to both our cardholders and merchant partners,” he added.

Moreover, the partnership reflects the shared commitment of both parties to supporting the growth of cashless ecosystems, expanding access to credit, and accelerating digital transformation in financial services, in alignment with the National Fintech Strategy.