Press release

Allied Wallet is Helping Saudi Arabia Diversify Their Economy with E-Commerce

Sponsored by Businesswire

Allied Wallet, a global FinTech company offering various payment
solutions in 196 countries, is servicing more users in Saudi Arabia,
e-commerce’s 7th fastest growing country, by accepting more
preferred payment options.

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Allied Wallet is now compatible with several preferred payment options in Saudi Arabia. (Pictured: K ...

Allied Wallet is now compatible with several preferred payment options in Saudi Arabia. (Pictured: Kingdom Centre in Riyadh, Saudi Arabia)

As e-commerce continues to grow, more countries are finding opportunity
in it not only for their citizens and potential business owners, but for
their economy as a whole.

While Saudi Arabia’s economy has been heavily dependent on oil, they are
finding new ways to diversify their economy according to Value Walk’s
article, “Top
10 Fastest Growing Ecommerce Markets in the World

Its e-commerce sector is growing at a 32% annual rate, and they are
expected to have over 19 million online shoppers by 2022.

About 64% of Saudi Arabia’s 32.28 million population shop online and the
average user spends about 3 hours and 25 minutes on the internet every

“The people of Saudi Arabia want to shop online. They crave fashion
goods, electronics, and media. We want to give them a better ability to
purchase these things,” said Allied Wallet Founder Andy Khawaja.

He added, “…beyond that, we want to give them a better ability to
generate their own income and become business owners by bringing their
goods, services, and products online. This is why we’re working hard to
make sure their preferred payment options are supported.”

Allied Wallet’s payment services are now compatible with SADAD,
and CashU.

They hope that, along with the support of Saudi Arabian growth programs
and new regulations, they will be able to help Saudi Arabia continue
this trending growth and make them less dependent on oil for a thriving

About Allied Wallet:

Allied Wallet continues to revolutionize the e-commerce industry by
introducing new and innovative payment processing solutions for online
merchants, enabling them to send and receive global payments. With PCI
compliant merchant services for nearly any business size, Allied Wallet
provides a state-of-the-art payment gateway to optimize online
transactions. Please visit