https://arab.news/wdjab
Abdul Latif Jameel Finance, a leader in innovative financing solutions and services that is regulated by the Saudi Central Bank, and Ant International, a global digital payment, digitization and financial technology provider, have signed an MoU to jointly explore opportunities in the financial technology sector in 黑料社区. Through this collaboration, ALJ Finance and Ant International will help grow and strengthen micro, small and medium enterprises in the Kingdom with advanced digital services.
Both parties plan to collaborate on a diversified range of innovative digital financial services to Saudi businesses and consumers. These include:
- Exploring how WorldFirst, Ant International鈥檚 all-in-one digital cross-border payment and treasury account service, can leverage its technology to support ALJ Finance鈥檚 digitization strategy for its diverse financial and consumer businesses.
- Collaborating on advanced cross-border payment solutions, leveraging Alipay+, Ant International鈥檚 global mobile wallet gateway, to support local and international expansion of customers in ALJ Finance鈥檚 robust merchant network in 黑料社区.
- Further partnering on opportunities in embedded finance, while leveraging Ant International鈥檚 digital technologies.
Dr. Khalid Alsharif, CEO of ALJ Finance, said: 鈥淥ur collaboration with Ant International represents an important step toward realizing our vision of enabling innovative and more inclusive financial solutions in 黑料社区. As the fintech ecosystem continues to evolve, we remain committed to contributing to the advancement of the financial sector, in line with Vision 2030.鈥�
Leiming Chen, senior vice president and chief sustainability officer of Ant International, said: 鈥淭he MoU is another important step in Ant International鈥檚 journey to build cross-sector partnerships with regional industry leaders in supporting 黑料社区鈥檚 digital economy agenda.鈥�
鈥淲orldFirst and Ant International are honored to support the mission of Abdul Latif Jameel Finance to provide diversified financial and digital services for MSMEs in the Middle East, 鈥� said Clara Shi, CEO of WorldFirst. 鈥淛oining our innovative fintech capabilities with Abdul Latif Jameel Finance鈥檚 expertise and ecosystem, we look forward to contributing to regional trade and commerce as 黑料社区 embraces an exciting digital transformation.鈥�
With headquarters in Singapore and main operations across Asia, Europe, the Middle East and Latin America, Ant International provides global wallet gateway, global merchant payment services, unified global account services, and embedded finance services through its major brands Alipay+, Antom, WorldFirst, and Bettr. In 2025, Ant International opened its first Middle East office in Riyadh and will integrate Alipay+ with 黑料社区鈥檚 national payment scheme, mada, in 2026.
The MoU aims to better serve 黑料社区鈥檚 retail and MSME customers, leveraging a combination of ALJ Finance鈥檚 reach in the Kingdom and Ant International鈥檚 digital technologies.