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Wasool acquires Majd Saudi Payments
Wasel Company acquired Majd Saudi Payments Company, owning 100% of it, with the aim of strengthening its presence in the fintech sector and developing a comprehensive ecosystem for payment and business services. This merger seeks to expand digital reach and create integration between point-of-sale solutions, digital payments, and electronic wallets, supporting business growth and improving the efficiency of their financial operations. This acquisition comes amid the ongoing growth of the fintech sector in the Kingdom and enhances Wasel’s strategy to deliver cohesive and advanced solutions that meet the needs of the local market.
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