Cashin Expands Its Digital Payment Reach with Cardless Acquisition

Saudi payment solutions provider, Cashin, has announced the successful acquisition of Cardless, a prominent digital payment products provider within the Kingdom.

This acquisition marks a significant milestone for Cashin as it expands its business portfolio and ventures into the digital cards arena through its new "Cashin Cards" service.

Cashin's strategic move with this acquisition aims to offer procurement solutions for digital cards through its comprehensive platform.

With "Cashin Cards," more than 20,000 merchants will be empowered to issue digital cards and seamlessly integrate them into their products, all while benefiting from commission through digital wallets without any credit limitations.

Omar Al-Ramah, the CEO of Cashin, emphasized that the acquisition of Cardless aligns with Cashin's strategic objectives to cater to the evolving needs of the retail sector.

The wealth of experience and customer database that Cardless brings to the table, accumulated over a decade, will play a vital role in this pursuit.

Cashin, known for its diverse range of POS solutions, e-invoicing, inventory management, and supply chain support, offers businesses a robust suite of fintech tools tailored to meet the requirements of retail enterprises of all sizes, from small boutiques to large-scale retailers.

Cardless, on the other hand, is a technology frontrunner renowned for its comprehensive digital payment platform and a history of introducing innovative products that simplify and enhance payment processes, making transactions more convenient for all.

Source: Decypha