PayerMax, a payment solutions provider headquartered in Singapore, is announcing its decision to expand into the Kingdom of Saudi Arabia (KSA) and its noteworthy commitment to the KSA by launching its regional headquarters in Riyadh.
With its comprehensive global payment solution, PayerMax plans to accelerate digital payment adoption. The company looks forward to playing a key role in shaping the future of the fintech sector in the KSA and further developing its operations through its RHQ in Riyadh.
PayerMax participated in the Regional Headquarters Program (RHQ) established by the Ministry of Investment and obtained an RHQ license this month.
The RHQ program, a joint initiative by the Ministry of Investment and the Royal Commission for Riyadh City, is designed to enable and facilitate the ambitious growth plans of participating organizations in the region.
PayerMax’s selection as one of the first companies in the National Technology Development Program (NTDP) launched by the Ministry of Communications and Information Technology (MCIT) further underscores the company’s technical expertise and commitment to innovation.
In his speech, Alhassan Hamdedeldin, RHQ General Supervisor indicated that MISA is particularly honored to see PayerMax expanding its footprint in the Kingdom by establishing its Regional Headquarters here and that PayerMax is the very first Asian fintech company to do so.
“We are deeply honored to have the esteemed MISA host our RHQ inauguration ceremony, which demonstrates the government’s commitment to fostering a conducive business environment for innovative companies like PayerMax,” said Wang Hu, Co-founder at PayerMax.
PayerMax’s vision aligns with Saudi Vision 2030, promoting financial inclusion, supporting economic diversification, and enhancing user experiences through digital payments.
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