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Friday / December 15.

Geidea partners with global pioneer in digital banking to support Vision 2030


Leading Saudi payment solution provider Geidea has announced a partnership agreement with Nautilus Hyosung Corporation, a prominent global digital banking service provider based in South Korea. The move highlights its efforts to contribute to Saudi Arabia’s digital transformation in line with the National Transformation Program 2020 and Vision 2030.
With this partnership, Geidea will develop a set of integrated innovative solutions for financial and economic entities, to enable them to utilize modern technology to strengthen the e-payment process. The provision of advanced digital payment services under the agreement will also improve the Kingdom’s competitive advantage and help it achieve sustainable economic growth.
Abdullah Al-Othman, president and founder of Geidea, described the agreement as a major step forward in providing the latest e-payment solutions in the Kingdom and region. He pointed out that the partnership with the global major will support Geidea’s planned expansion projects and enhance the reach of digital payment across a wider horizon.
Al-Othman also said that the cooperation with Nautilus Hyosung Corporation will enable Geidea to enrich its international expertise and adopt the best global practices to contribute effectively to the Kingdom’s digital transformation under the National Transformation Program and Vision 2030.
Jane Ho Mon, senior vice president of Nautilus Hyosung Corporation, said: “As we enter a new era of technology driven payments, we are confident that our partnership with Geidea will have a positive impact on the Middle East market. By combining our strengths in services and capabilities, we will provide the best services that meet the expectations of our customers.”
Geidea claims to offer the most innovative and flexible solutions in the financial payments sector, and that its contributions have been vital in reducing the negative impacts of unstable market conditions.



via AN