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16 September 2025 – Riyadh, Saudi Arabia:
Paymentology, the leading global issuer processor, has officially registered in Riyadh to expand its local presence. This move brings advanced card issuing and payment processing solutions to the Kingdom. It supports Vision 2030 and enables banks and fintechs to create next-generation digital payment experiences.
Strengthening Local Capabilities and Talent
Active in Saudi Arabia since 2020, Paymentology is now hiring senior representatives and building a strong local team. The company is also deploying world-class infrastructure to ensure resilience, security, and high-speed performance. This expansion allows Paymentology to drive market growth, provide local customer support, and develop products aligned with the country’s ambitions, including AI-driven initiatives.
Paymentology Clients in the Kingdom
Fast-growing clients such as Tabby and D360 have already benefited from Paymentology’s technology and expertise. Expanding in Riyadh is the natural next step to serve these clients more effectively.
Paymentology’s Commitment to the Local Market
Jeff Parker, CEO of Paymentology, said:
“Saudi Arabia is a unique and dynamic market. Success requires physical presence, careful listening, and building lasting relationships. We adapt our products and services to match how businesses and people operate here. Being in Riyadh allows us to respond quickly and effectively while maintaining deep cultural understanding.”
Fintech Growth in Saudi Arabia
The Kingdom’s fintech sector is experiencing unprecedented growth. According to the Saudi British Joint Business Council, fintech companies increased from fewer than 20 in 2018 to over 200 in 2024—a 900% growth in six years.
Digital payments adoption is rising rapidly. The Saudi Central Bank (SAMA) reported that electronic payments accounted for 79% of total retail transactions in 2024, up from 70% in 2023, supporting the Financial Sector Development Programme.
Paymentology and Advanced Infrastructure
Saudi Arabia recorded 12.6 billion non-cash transactions in 2024, up from 10.8 billion in 2023. Paymentology’s cloud-first issuing platform integrates directly with Oracle Cloud Infrastructure (OCI) and Amazon Web Services (AWS). The platform ensures high performance, resilience, and scalability in a growing digital payments environment.
Nauman Hassan, Regional Director for MENA at Paymentology, added:
“Saudi consumers are rapidly adopting mobile-first experiences, instant payments, and embedded financial services. Local presence allows us to understand client needs, respond quickly, and deliver solutions with deep expertise and robust infrastructure.”
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