Saudi fintech company SeaPay has signed a strategic partnership with Nearpay to strengthen payment acceptance, merchant management and settlement services in KSA.
The partnership combines Nearpay’s payments technology with SeaPay’s regulated financial infrastructure as a Saudi Central Bank-licensed provider of payment aggregation services.
Through the integration, the companies will work on an ecosystem covering payment acceptance, merchant management, transaction processing and settlements.
The partnership is also aimed at improving operational efficiency and expanding the range of payment services available to merchants and businesses through a regulated infrastructure.
Founded in 2022 and headquartered in Riyadh, SeaPay provides payment and point-of-sale solutions to businesses in KSA.
Source: SeaPay
