Riyadh, Saudi Arabia – Emkan Finance, a leading Saudi fintech company renowned for its innovative financing solutions, has officially received a license from the Saudi Central Bank (SAMA) to offer deferred payment services, popularly known as “Buy Now, Pay Later” (BNPL). The announcement comes in conjunction with Emkan’s participation as a strategic partner in the 24FinTech Exhibition, further solidifying its position as a key player in Saudi Arabia’s fintech landscape.
Emkan Finance is at the forefront of driving digital transformation within the Kingdom’s financial sector, underpinned by its commitment to developing cutting-edge solutions. As the demand for digital financial services continues to rise, the company is focused on addressing the evolving needs of its customers while contributing to the overall progress of the financial ecosystem in Saudi Arabia.
The newly introduced BNPL service will provide a seamless and flexible shopping experience, allowing customers to make purchases through easy, interest-free installments. Available for both in-store and online shopping, this fully digital service empowers Saudi citizens and residents to enjoy greater financial flexibility. Additionally, the BNPL solution supports merchants by increasing sales and simplifying operations.
Abdullah Al-Habdan, CEO of Emkan Finance, expressed his appreciation for the continuous support provided by SAMA to the financial sector and fintech companies in the Kingdom. He also reaffirmed Emkan’s dedication to offering top-tier financial solutions that adhere to Islamic Sharia principles.
“Our vision is to empower individuals and businesses by delivering tailored financial products that enhance everyday financial transactions while promoting growth and inclusion,” said Al-Habdan.
With the introduction of its BNPL service, Emkan is set to further enhance its role in revolutionizing the Saudi financial landscape, offering smart, customer-centric solutions that foster financial empowerment and digital transformation.
