MIS launches Al-Tamayouz Application Solutions services

12/09/2023 Argaam
Logo ofAl Moammar Information Systems Co. (MIS)

Logo of Al Moammar Information Systems Co. (MIS)

Al Moammar Information Systems Co. (MIS) announced today, Sept. 12, the completion of all developments and applications related to its subsidiary, Al-Tamayouz Company for Application Solutions for Information Technology (MIS Forward).

 

Accordingly, the subsidiary's Buy Now, Pay Later (BNPL) service, under the “MIS Pay” brand, was launched in Saudi Arabia today, MIS indicated in a Tadawul statement.

 

According to the data available on Argaam, MIS’ board of directors greenlit the establishment of a 100% wholly-owned limited liability company in Riyadh to develop and provide services in fintech and e-markets. The company earlier obtained the Saudi Central Bank (SAMA) approval to engage in the BNPL activity in the Kingdom.

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