Tweeq was granted the Electronic Money Institution (EMI), E-wallet, license by the Saudi Central Bank (SAMA) to launch its mobile-first app in Saudi Arabia.
Tweeq seeks to build a financial super-app with features and services that are personalized around the lifestyle needs and ambitions of millennials and Gen Z.
“We are honored to have secured the EMI license from SAMA. With their confidence, we are now one step closer to enabling all citizens of society to have access to the next generation of digital payments that meet their needs. Tweeq aims to transform the way people think and feel about their finances by providing more advanced and seamless experiences,” Saeed Albuhairi, CEO of Tweeq, stated.
The FinTech startup provides intuitive, hassle-free spending accounts through the issuance of debit cards powered by Mastercard and the Saudi-based local scheme mada. Customers can make money transfers, set financial goals, shop online, pay bills, and stay in full control of their card accounts.
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