Saudi fintech firm Geidea partners with Magnati to bring payment solutions offering into the UAE – ArabianBusiness

Saudi fintech firm Geidea partners with Magnati to bring payment solutions offering into the UAE – ArabianBusiness

Saudi Arabia-based fintech firm Geidea has expanded its operations into the UAE through a partnership with Magnati, offering an extensive suite of value-added services and payment solutions to UAE-based companies across the retail, F&B, wholesale, and hospitality sectors.

Launched in Saudi Arabia in 2008, Geidea currently provides more than 700,000 payment terminals (POS) across the region and serves more than 139,000 trusted merchants, including regional and international brands, SMEs, as well as e-commerce players.

Geidea’s expansion into the UAE follows its launch into the Egyptian market in June 2021, which is also in line with its vision to make payments and commerce technology accessible, affordable, and intuitive.