Riyadh: TECHz – News Desk
In a significant development for the Kingdom’s financial technology sector, MoneyHash has announced a strategic partnership with Azm Fintech. The collaboration is designed to broaden access to Saudi Arabia’s digital payment ecosystem by leveraging Edaat, Azm Fintech’s licensed billing and collections platform.
The integration empowers merchants utilizing the MoneyHash orchestration platform to connect directly to Edaat’s payment gateway. Through a single API integration, businesses gain immediate access to SADAD KSA, alongside a comprehensive suite of local billing and collection tools. This unified approach allows companies to automate their collections, optimize payment acceptance, and simplify financial reconciliation, all while remaining strictly aligned with Saudi regulatory standards.
Abdullah Khayat, Country Director and General Manager for KSA at MoneyHash, emphasized the importance of simplifying merchant infrastructure. He noted that expanding payment capabilities should not introduce operational friction, adding that the partnership delivers unified control and visibility across a company’s payment operations.
This alliance directly supports the broader objectives of Saudi Vision 2030, which prioritizes the modernization of the financial services sector and the adoption of advanced fintech solutions to stimulate economic growth. Hazem Al Rashed, Vice President at Azm Fintech, highlighted that the partnership makes it significantly easier for organizations to modernize their payment processes. By combining Azm’s robust Edaat capabilities with MoneyHash’s orchestration engine, businesses can expand their digital operations without the heavy integration burdens that traditionally accompany growth.
As Saudi Arabia’s digital economy continues its rapid expansion, providing scalable, reliable, and compliant financial infrastructure remains critical. Authorized by the Saudi Central Bank, Azm Fintech brings regulatory trust and localization to the table, while MoneyHash offers the technological flexibility and smart payment routing required by modern enterprises navigating a fast-growing digital market.
