Riyadh, Saudi Arabia, 12 June 2024 – Tiqmo, the digital wallet of Ajlan & Brothers Holding Group, has announced a strategic FinTech Banking Partnership Agreement with Arab National Bank (ANB) to expand financial technology services in the Kingdom of Saudi Arabia.
As a digital wallet licensed by the Saudi Central Bank (SAMA), Tiqmo aims to leverage ANB’s advanced banking technology suite and payment solutions. This partnership will allow Tiqmo wallet users to access various banking services quickly, easily, and securely, including credit card issuance, IBAN issuance, local transfers, SADAD payments, money withdrawals, and more through the Tiqmo app.
Abdulaziz Ajlan Alajlan, CEO of Tiqmo, emphasized that this collaboration aligns with Saudi Arabia’s Vision 2030 objectives and the goals of digital transformation, aiming to provide secure, fast, and accessible financial services. “This partnership enables our clients to execute their digital financial transactions directly through the wallet, aiming to achieve a 70% cashless society by the end of next year (2025),” stated Alajlan.
Louai Alzaher, Head of Corporate & Institutional Banking Group at ANB, highlighted the transformative journey of the financial sector both locally and globally, driven by the revolutionary possibilities of financial technology. He remarked, “The Bank is keen to achieve Saudi Arabia’s Vision 2030 and the digital transformation program, recognizing the huge potential of joint cooperation with financial technology companies. The current collaboration with Tiqmo is one of the gains that provide a unique and integrated digital banking experience to our customers in the FinTech sector.”
About Tiqmo:
Established in 2020, Tiqmo aims to build a world-class digital payments and services ecosystem in the MENA region, creating high-quality financial solutions for e-commerce, gaming, logistics, and education.
This partnership signifies a significant step towards enhancing the digital financial landscape in Saudi Arabia, fostering innovation, and promoting a cashless society in line with the Kingdom’s ambitious Vision 2030.
