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Memorandum of Understanding signed by SwiftPlus Technologies and Ajlan & Bros. Holding Group
May 29, 2019

SwiftPlus Technologies Hong Kong Company Limited and Ajlan & Bros. Holding Group signed a Memorandum of Understanding (MoU), to develop mobile payment platform in the Kingdom of Saudi Arabia.

The memorandum was signed on behalf of the SwiftPlus Technologies by the Chairman Dan Xian and Ajlan & Bros. Holding Group Deputy Chairman His Excellency Sheikh Mohammed Bin Abdul-Aziz Al Ajlan. The official ceremony took place in Shenzhen, China, during the official visit of Ajlan & Bros. Holding Group delegation to SwiftPlus Technologies Headquarters.

The memorandum serves to provide a framework for understanding and cooperation between Parties for the achievement of their common goals regarding development of mobile payment platform, management and operation the system in Saudi Arabia.

Areas of cooperation

The Parties are willing to discuss and explore possible cooperation opportunities to evaluate the feasibility of developing a payment platform/solution in the Kingdom of Saudi Arabia.

This MoU is an important step forward for the SwiftPlus Technologies and Ajlan & Bros. Holding Group in the collaboration and coordination with partners involved in development of mobile payment platform and fast payment technologies in the region. This decision will allow to create payment system with highest efficiency, security and speed.

SwiftPlus Technologies Hong Kong Company Limited

SwiftPlus provides full coverage of international payment channels such as WeChat Pay, Alipay, Union Pay, Visa, and Mastercard and solution for merchant collection that can integrate QR payment, NFC, card swiping, and e-commerce solutions.

Ajlan & Bros. Holding Group

Ajlan & Bros. Holding Group (Saudi Arabia) is a multi-channel group with interests in manufacturing, retail, real estate, investment, transport and logistics. The group has a wide operational network in the gulf region with more than 150 branches. Company has large investment portfolio in financial assets and private equities around the globe.

For more information, press only:

PR Contact Name: Yurii Prokopenko

Email: yurii@swiftplus.com

For more information on SwiftPlus Technologies Hong Kong Company Limited:

Website: http://www.swiftpassglobal.com

For more information on Ajlan & Bros. Holding Group:

Website: http://www.ajlanbros.com

© 2019 Swiftpass

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