Riyadh - Sharikat Mubasher: Cashin, the Saudi provider of point of sale (POS) and digital payment solutions, closed a deal on the full acquisition of Cardless, a leading provider of digital payment products in the Kingdom, the first announced in a statement.
Through the acquisition, Cashin targets offering procurement solutions for digital cards through its all-inclusive platform.
Cashin described the acquisition as a significant step towards expanding its business, and entering the digital cards field through its “Cashin Cards” service.
The service would 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’ customers database and 10-year experience.
Cashin supports businesses with various and redefined solutions for POS, payments, e-invoicing, inventory management, supply chain, and other features equipped with fintech modules tailored for a wide range of retail industries ranging from micro to mega sizes.
Cardless is a leading technology company providing a comprehensive digital payment platform and implementing a variety of innovative products to make payments easier and convenient.
