MIS pay
Shop your way, pay with ease
About MIS Pay
- MIS Pay is a Saudi FinTech platform providing “Buy Now, Pay Later” (BNPL) solutions.
- It allows customers to split their purchase value into flexible installments through an easy and secure process.
- It represents a key digital solution supporting the development of the payments and FinTech sector in the Kingdom.
- Business Model:
- Enables customers to make immediate purchases and pay in later installments without complications.
- Merchants receive the full transaction value immediately, while the platform manages installments and collection.
- Provides multiple installment options, such as 4 payments with zero fees or extended plans based on eligibility.
- Services Provided:
- Interest-free BNPL solutions with no hidden fees.
- Flexible installments tailored to customer needs.
- Support for digital payments across various channels.
- User account management and easy tracking of payment plans.
- Value for Merchants:
- Increased sales and improved conversion rates.
- Reduction in cart abandonment.
- Upfront receipt of the full amount without bearing collection risks.
- Attracting a wider customer base through flexible payment options.
- Compliance and Regulation:
- Operates under the supervision of the Saudi Central Bank (SAMA).
- Complies with local regulations and legislation for the FinTech sector.
- Applies the highest standards of cybersecurity and data protection.
- Sharia Compliance:
- Offers interest-free (Riba-free) installment solutions.
- Ensures full transparency in displaying prices and costs.
- Adheres to Islamic finance principles in all operations.
- Technology and Innovation:
- An advanced digital platform powered by cloud computing.
- Seamless integration with e-commerce platforms and Point of Sale (POS) systems.
- Utilization of data analytics and Artificial Intelligence (AI) to enhance risk management and user experience.
- Strategic Role:
- Supports the Kingdom’s shift toward a digital economy and a cashless society.
- Contributes to financial inclusion by providing individuals with access to flexible financing solutions.
- Strengthens the company’s position within the Saudi FinTech landscape.
