(Amman, Jordan, 31 May 2022): Sanadcom Business Finance, one of
Jordan’s leading private sector SME lenders, recently signed a strategic
cooperation agreement with Network Jordan, the leading provider of digital
trade support services and payment solutions in the Middle East and Africa,
enabling Sanadcom to provide new financing services to merchants, and
facilitating the collection of the value of financing installments.
Through the new service, Sanadcom Business Finance will be able to
automatically and flexibly deduct installments from merchant sales, made
at points-of-sale (POS) devices provided to the merchant by Network
Jordan, in accordance with the financing terms agreed upon between
Sanadcom and the merchant benefiting from the financing. This service will
serve the aspirations of the market, and it also contributes to covering the
financing gap for the SME sector.
The agreement was signed by Fadi Amireh, CEO of Sanadcom for Business
Finance, and Amjad Al-Sadiq, CEO and Regional President in the Levant
region for Network Jordan, in the presence of several administrators from
both sides.
Under this agreement, the two parties will seek to provide new services in
the local market, especially in the field of SME companies, which will
achieve a competitive advantage for Sanadcom Business Finance and
provide a distinguished experience for merchants using Network Jordan’s
POS solutions.
Commenting on the signing of the agreement, Amireh said: "We look
forward to working with Network Jordan, because of its extensive
experience in the field of electronic payments.
Through this agreement we will provide products and solutions that help our customers wishing to
obtain financing to develop their businesses pay the installments related to
that financing in a flexible and easy manner, deducted automatically from
daily sales receipts that are made through its points of sale.”
For his part, Al-Sadiq expressed the company’s keenness to cooperate with
Sanadcom Business Finance, as it is in line with Network Jordan’s strategy
that focuses on growth based on acceleration and innovation, which
underlies its pursuit of an expanding customer base, as well as providing a
range of innovative services and unique and exceptional solutions to serve
the business sector and other institutions, including SMEs which today
represent an important pillar of the economy in most countries of the
world, and constitute more than 90% of institutions operating across
various economic sectors.
Al-Sadiq indicated that this cooperation will enable Sanadcom for Business
Finance to offer new and distinctive products and services to its list of small
and medium-sized enterprise clients, all of which will benefit from Network
Jordan’s payment processing services, including point-of-sale devices,
electronic payment gateways, interactive dashboards, and more.
These offer clients time, effort, and cost benefits, as well as valuable insights and
information that contribute to managing their business in an efficient
manner, allowing SMEs to develop and increase their contribution within
their sector and to the economy of their country.