Amwal Tech and Al Rajhi Bank Launch Automated Credit Card Installments
Amwal Tech, a pioneering Saudi fintech transforming card-based installment payments, is proud to announce a strategic partnership with Al Rajhi Bank to launch an innovative, fully automated credit card installment solution—set to redefine embedded consumer financing across the market.
Through this partnership, Amwal Tech enables Al Rajhi credit cardholders to convert purchases seamlessly into flexible monthly installments at checkout—online or in store—with instant approval and zero friction. The service gives customers smarter payment options while helping merchants improve conversion and unlock new revenue opportunities.
“We are thrilled to partner with Al Rajhi Bank, a pioneer in the banking sector, to introduce this service. This partnership marks a significant step toward empowering customers with greater financial flexibility and providing merchants with tools to enhance customer satisfaction and drive sales.”
A Win-Win for Consumers and Merchants
Amwal’s infrastructure integrates directly with Al Rajhi Bank’s core card system to connect participating merchants and cardholders through a streamlined installment experience.
Instant Access to Installments
No applications and no delays—customers can choose an installment plan in just a few clicks at checkout.
High-Ticket Support
Eligible customers can finance purchases of up to SAR 100,000 with 0% repayment periods of up to 24 months.
Improved Merchant Performance
Merchants can benefit from higher average order values, approval rates of up to 95%, and a frictionless journey from purchase to settlement.
“Partnering with Amwal Tech enables Al Rajhi Bank to offer our customers best-in-class digital financing experiences. This aligns with our mission to lead innovation in retail banking and deliver more value to both our cardholders and merchant partners.”
Accelerating Vision 2030 and Financial Inclusion
The partnership reflects both companies’ alignment with Vision 2030’s National Fintech Strategy, supporting the growth of cashless ecosystems, expanding access to credit, and accelerating digital transformation across financial services.
As one of Saudi Arabia’s most trusted financial institutions, Al Rajhi Bank’s support positions the service to scale rapidly across sectors—from e-commerce and luxury retail to electronics, healthcare, and travel.
About Amwal Tech
Amwal is the infrastructure layer enabling banks to turn existing credit cards into programmable installment products across merchants and acceptance channels. Its platform combines payment infrastructure, identity orchestration, and patented authentication technology to deliver secure, low-friction installment experiences at scale.