Mastercard, AlRaedah Finance join forces to offer unique payment solutions for SMEs

Mastercard, AlRaedah Finance join forces to offer unique payment solutions for SMEs

RIYADH — Mastercard has signed a Memorandum of Understanding (MoU) with AlRaedah Finance, to launch a unique ‘SME in a Box' payment solution for small and medium sized businesses (SMEs) in the Kingdom of Saudi Arabia.A first-of-its-kind initiative, the partnership will offer SMEs direct access to fast funds provided by AlRaedah Finance, as well as the option to leverage low cost acceptance solutions and the ability to make card payments. It will also extend access to affordable credit, overcoming one of the biggest barriers to growth for SMEs.“At Mastercard, we continually strive to empower