Riyadh, November 11, 2025 — Abdul Latif Jameel Finance, a leading Saudi provider of innovative financing solutions, has signed a Memorandum of Understanding (MoU) with Ant International, the Singapore-based global digital payments and financial technology company, to jointly explore fintech opportunities and strengthen Saudi Arabia’s digital finance ecosystem.
Under the collaboration, the two companies will develop advanced digital services aimed at empowering micro, small, and medium enterprises (MSMEs) and enhancing financial inclusion in line with Saudi Vision 2030.
The partnership will explore the integration of WorldFirst, Ant International’s all-in-one cross-border payments and treasury management platform, into Abdul Latif Jameel Finance’s operations. The collaboration will also leverage Alipay+, Ant International’s global mobile wallet gateway, to enable cross-border payments and merchant expansion, supporting local and international business growth for clients in Saudi Arabia.
The companies will additionally work on embedded finance solutions, harnessing Ant International’s advanced digital technologies to deliver seamless financial experiences for consumers and enterprises.
Dr. Khalid Alsharif, CEO of Abdul Latif Jameel Finance, said:
“Our collaboration with Ant International represents an important step toward realizing our vision of enabling innovative and more inclusive financial solutions in Saudi Arabia. As the fintech ecosystem continues to evolve, we remain committed to advancing the financial sector in alignment with Vision 2030.”
Leiming Chen, Senior Vice President and Chief Sustainability Officer of Ant International, added:
“This MoU marks another milestone in our mission to build cross-sector partnerships with regional leaders and support Saudi Arabia’s digital economy agenda.”
Clara Shi, CEO of WorldFirst, noted that the partnership combines Abdul Latif Jameel Finance’s strong local presence with Ant International’s global fintech capabilities to foster innovation, trade, and digital transformation across the region.
Ant International, which opened its first Middle East office in Riyadh in 2025, plans to integrate Alipay+ with Saudi Arabia’s national payment scheme, mada, by 2026, further strengthening its commitment to the Kingdom’s digital finance infrastructure.
