Amwal Tech

SAMA-licensed Saudi payment service provider that turns bank credit cards into 3-24 month instalment plans at online and in-store checkouts.

Industry: Payments / embedded finance | Location: Jeddah, Saudi Arabia

About Amwal Tech

Amwal Tech is a Saudi payment service provider that lets shoppers split purchases made on an existing credit card into instalments. Its website describes the product as Sharia compliant, with plans from 3 to 24 months, no new app and no extra charges, while cardholders keep the reward points their card earns. The company says it is regulated by Saudi Payments, the SAMA-affiliated body, under licence PSP013, and lists a Jeddah address in the Alkhalidia district.

The service works through the cardholder's own bank. At checkout the customer picks Amwal, chooses a bank and instalment plan, and pays with Apple Pay or the bank card. The bank places a hold on the full amount and, once approved, converts it into an instalment plan. Amwal offers this at online checkouts, through an SMS payment link at point of sale, and through Apple Pay. On its about page it describes itself as infrastructure that lets banks convert existing cards into programmable instalment products across merchants and acceptance channels.

The site names Al Rajhi Bank, Alinma Bank, Saudi National Bank and Riyad Bank as bank partners. Merchants shown include SACO, Abyat, IKEA, Almatar, Baytonia, Syarah, CarSwitch and Almosafer, and the about page also shows Temu. Example offers on the site include plans of up to 24 months at Syarah and up to 12 months at IKEA.

Amwal also promotes a security patent. The site cites U.S. Patent 12,388,646 B2, issued on August 12, 2025, assigned to Amwal Tech Inc. and naming Sameh Galal as inventor. It covers an extension of OpenID for passkey registration and authentication across web browsers and native mobile apps.

Founders, funding rounds, investors and team size are not stated on the crawled pages. The company is listed as a seed-stage financial services startup.

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