BPC Partners with Interpaymea to Expand into the KSA Market

BPC, a digital payment solutions provider, announced on Wednesday that it is entering the Kingdom of Saudi Arabia market with the aim to strengthen its presence in the region. As part of its go-to-market strategy, the company recently announced the key nomination of Khaled Moharam as Managing Director for the GCC as well as a local representation through a partnership with Interpaymea.

BPC's entry to Saudi Arabia aligns with the Kingdom's Vision 2030 to progress and diversify digital services with the aim to improve digital adoption while fostering economic growth. 

BPC brings to the Kingdom its SmartVista Platform, a robust and future-proof platform, which has been adopted by institutions such as HSBC, ING, Oman Arab Bank, Qatar National Bank, Sberbank and Tymebank South Africa. The platform has been designed to support micro services and can be used as a standalone or as a full end-to-end banking and payment suite. It includes channel management, digital banking, an API hub, payment gateways and merchant acquiring solutions, wallets and card management, fraud and risk management, digital ticketing and marketplaces.

With offices already established in the UAE and Jordan, Saudi Arabia will become a strong hub for BPC's activities in the Middle East. The presence of BPC in the Kingdom has been realised through a strategic partnership with Interpaymea. Interpaymea is a leading provider of card and payment solutions in Saudi Arabia with years of experience serving financial institutions and payment providers. Interpaymea will be representing BPC in the Kingdom commercially as well as offering local delivery and support services to mutual clients 24x7.

Mr Badri Alkadhim, Founder of Interpaymea, said: "BPC's entry to Saudi Arabia comes at a perfect time as the Kingdom is accelerating its digital transformation programme. Our organisations are complementary, Interpaymea brings a wealth of local knowledge and service, while BPC offers the latest in banking, commerce and mobility solutions, currently in high demand in the Kingdom".

Mr Angelo Bertini, SVP and Managing Director of Middle East and Africa at BPC, commented: "I am proud to see BPC entering the Saudi market with a partnership and a strategic nomination. This announcement translates our vision to grow our regional footprint. The Middle East and the GCC in particular are going through an innovation boost that is palpable in commerce, banking and mobility with new payment experiences – key areas of expertise of BPC. The partnership with Interpaymea allows us to augment our capabilities in the Kingdom and we could not expect a better partner. We look forward to making positive announcements soon".