MoneyHash Partners with Azm Fintech to Expand and Streamline Saudi Arabia”s Digital Payment Ecosystem
MoneyHash, a leading Payment Orchestration platform operating in emerging and global markets, has announced a strategic partnership with Azm Fintech. The collaboration aims to expand the digital payment ecosystem in the Kingdom of Saudi Arabia and facilitate seamless access for businesses.
Integration with 'Edaat' and 'SADAD'
This integration empowers merchants utilizing the MoneyHash platform to connect directly with the "Edaat" payment gateway. Edaat is a specialized Saudi digital payment gateway licensed by the Saudi Central Bank (SAMA), designed to manage financial operations, collect invoices, and provide robust electronic payment solutions.
Additionally, the partnership grants access to "SADAD," the national central payment system owned by SAMA, which facilitates the electronic presentation and payment of bills and services. Through a single integration, businesses can now streamline payment acceptance and collections, enhance financial reconciliation and settlement processes, and rely on an infrastructure fully compliant with the regulatory requirements of the Saudi market.
Supporting Digital Transformation in Saudi Arabia
Amid the accelerating pace of digital transformation across the Kingdom, businesses are increasingly seeking scalable fintech solutions that simplify payment operations and support ambitious growth plans. The integration between MoneyHash and Azm directly addresses this demand by connecting merchants to a reliable local payment infrastructure, eliminating the need to manage multiple, complex integrations.
Abdullah Khayyat, General Manager and Regional Head for Saudi Arabia at MoneyHash, stated:
"Expanding payment capabilities shouldn't mean adding complexity to how businesses manage their operations. Our role at MoneyHash is to provide the infrastructure that enables companies to access local payment capabilities while maintaining a unified level of control and visibility across all payment processes. This partnership reinforces this value for businesses operating in Saudi Arabia, granting them greater agility to grow and manage payments through a unified orchestration platform."
Aligning with Saudi Vision 2030 Objectives
This partnership seamlessly aligns with the strategic objectives of Saudi Vision 2030, which continues to drive innovation within the Kingdom’s financial services sector. It encourages the adoption of advanced fintech solutions to foster economic growth and digital transformation. Furthermore, ongoing investments in digital payments and financial infrastructure create significant opportunities for companies seeking modern, scalable fintech solutions that support sustainable, long-term growth.
Scaling Payments Without Operational Complexity
As transaction volumes surge, customer bases expand, and payment capabilities broaden, businesses face the challenge of managing an ever-growing number of financial and operational processes.
Hazem Alrashed, Vice President at Azm Fintech, commented:
"At Azm, we strive to empower organizations to modernize their billing, collection, and payment operations through reliable and innovative fintech solutions. By integrating with MoneyHash, merchants can now more easily leverage the capabilities of the Edaat platform and adopt a highly efficient approach to managing billing, collections, and financial reconciliation. Together, we are helping businesses operate more efficiently and actively supporting the digital transformation journey in the Kingdom."
Expanding Payments Through a Unified Platform
Ultimately, the partnership between MoneyHash and Azm establishes a highly efficient foundation for the growth of businesses operating in Saudi Arabia. By combining the powerful billing and collection capabilities of the Edaat platform with the advanced payment orchestration infrastructure provided by MoneyHash, companies can effectively scale their payment operations without bearing the operational complexity and integration burdens that typically accompany rapid growth phases.