Amwal Tech, a pioneering Saudi fintech specialized in installment-based card payments, has announced a strategic partnership with AlRajhi Bank to launch a fully automated Credit Card Installment Solution aimed at redefining embedded consumer financing in the Saudi market.
The new solution allows AlRajhi credit cardholders to instantly convert purchases into flexible monthly installments at checkout – online or in-store – with zero friction and instant approval, empowering users with smarter financing options and helping merchants boost conversions and unlock revenue growth.
Reda Reda, Co-founder at Amwal Tech, commented:
“We are proud to partner with AlRajhi Bank, a banking sector pioneer, to introduce this service that enhances financial flexibility and supports merchants with tools to improve customer satisfaction and drive sales.”
A win-win solution for consumers and merchants:
Amwal’s infrastructure integrates directly with AlRajhi’s card system to enable:
- Instant access to installments with no forms or delays.
- High ticket support of up to SAR 100,000 with 0% interest for up to 24 months.
- Enhanced merchant performance, with approval rates reaching 95% and seamless checkout-to-settlement flow.
Ahmed Bin Saeed, GM of Tasaheal Program at AlRajhi, said:
“Our partnership with Amwal empowers us to offer best-in-class digital financing experiences, aligning with our mission to innovate in retail banking and maximize value for customers and merchant partners.”
Advancing Vision 2030 and Financial Inclusion
This collaboration supports Saudi Arabia’s National Fintech Strategy under Vision 2030, promoting cashless ecosystems, expanding credit access, and accelerating digital financial transformation.
With AlRajhi’s trusted presence and scale, Amwal is set to rapidly expand this solution across sectors including e-commerce, luxury retail, electronics, healthcare, and travel.
