Middle East Payment Services Signs Joint Cooperation Agreement with Sanadcom for Business Finance

          Middle East Payment Services (MEPS) - a leading, innovative payment services provider in the Middle East - has inked a joint cooperation agreement with Sanadcom for Business Finance (Sanadcom) - a company specialized in financing small and medium enterprises (SME). The agreement was signed by MEPS CEO Waleed Alnasser and Sanadcom CEO Sami Sallakh, in the presence of a number of executive directors from both parties. 

Under the collaboration, Sanadcom will provide financing facilities and solutions for MEPS clients, with competitive incentives and financing rates on the total value of annual transactions made via point-of-sale (POS) devices, and at excellent interest rates. The agreement also covers Sanadacom’s potential SME clients.

“We are pleased to work with MEPS, which is an ideal partner for our business. This agreement is closely aligned with our corporate mission and ongoing efforts to create a solid financing ecosystem by offering financial and non-financial products that cater to the requirements of the SME sector. This sector plays a vital role in developing and advancing our national economy by generating job opportunities for youth, alleviating unemployment, reducing poverty and encouraging entrepreneurs, particularly women, to invest in their capabilities,” stated Sallakh. 

In turn, Alnasser commented, “We are excited to be partnering with Sanadcom, which is a pioneering company that continuously strives to deliver unique financing services. By virtue of this agreement, our SME clients can now obtain the financing they need for expanding their businesses, as we continue to move forward and further cement our leading position within the local and regional payment services industry.”