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Article: Strategic agreement to provide financing solutions for broad IT adoption in Saudi Arabia

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Al Bawaba
Article date:
May 31, 2009
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Part of strategy to support the role of small and medium enterprises in elevating the national economy

Visa Inc, the world's largest retail electronic payments network, Al Rajhi Bank and Microsoft have entered into a strategic agreement to provide financial solutions for small and medium enterprises (SMEs) that are adopting advanced technology into their business operations.

Under the agreement, Al Rajhi will introduce a Visa-Microsoft "Aamal" credit card, which will become the first Visa Microsoft co- branded credit card in Saudi Arabia. Saudi-based IT and communications solution provider Al-Falak Electronic Equipment & Supplies Co. will provide the Microsoft programmes required for the new ...

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