Geidea signs partnership with Nayifat to offer seamless payment solutions

Geidea signs partnership with Nayifat to offer seamless payment solutions

Riyadh, Saudi Arabia: Geidea, a leading fintech company in Saudi Arabia, today announced that it has entered a strategic partnership with Nayifat, one of the pioneers in the financing space in KSA.

As part of the collaboration, Geidea will provide Nayifat’s customers with a full suite of POS solutions. This will empower merchants with the ability to accept payments via numerous methods – including contactless cards and wearable devices through Geidea’s POS terminals and Tap-on-Phone solutions.

Additionally, merchants will be benefit from a simplified repayments solution through Geidea’s POS terminals. Going forward with the initiative, merchants will be able to allocate payments towards utilities such as their rent or maintenance of their offices, through Point-of-Sale (PoS) terminals by automatically setting aside a percentage or amount of monthly revenue towards their payment obligations. The solution thus automates the entire process - making it seamless and secure.

Abdullah Alshowaier, Chief Business Officer at Geidea said: “As one of the most respected names in the financing sector, Nayifat has a longstanding reputation for providing innovative and financing solutions to customers across the Kingdom. This partnership will enable us to bring our payment and e-commerce solutions to several people that use their services, and help their borrowers