The Saudi digital payment solutions CashIn announced it closed a deal on the full acquisition of Cardless, a provider of digital payment products in the Kingdom, according to a statement.
CashIn explained in its statement the main goal of the acquisition is to offer digital cards through its all-inclusive platform.
The company described the acquisition as a significant step towards expanding its business and entering the digital card service.
The plan is to enable more than 20,000 merchants to issue digital cards and add them to their products to benefit from its commission via the digital wallets without any credit limits.
Omar Al-Ramah, the CEO of CashIn, affirmed that the acquisition of Cardless came as part of CashIn’s goals to meet the needs of the retail sector through leveraging Cardless’ customer database and 10 years of experience.
CashIn provides businesses with various and redefined solutions for POS, payments, e-invoicing, inventory management, supply CashIn, and other features equipped with fintech modules tailored for a wide range of retail industries ranging from micro to mega sizes.
Cardless is a tech company that mainly provides a comprehensive digital payment platform and implements a variety of innovative products to make payments easier and more convenient. Omar Al-Ramah, the CEO of CashIn, said that the acquisition of Cardless came as part of CashIn’s goals to meet the needs of the retail sector through leveraging Cardless’ customer database and ten years of experience.
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