Paymentology’s PayCredit Streamlines Credit Solutions for Saudi Fintech Boom

Editorial Team

Last updated 17-11-2025

3 min

Paymentology has introduced PayCredit to help digital banks in Saudi Arabia manage credit products smoothly.

PayCredit offers a flexible cloud-first system, overcoming the limitations of outdated infrastructure.

The platform combines card issuing with credit management, simplifying processes for faster implementation.

It supports major payment systems like Apple Pay and Google Pay, meeting user expectations.

PayCredit is already being used by digital banks, enabling faster credit product launches in the GCC.

Paymentology has rolled out a new credit platform called PayCredit, aiming to give digital banks and fintechs in Saudi Arabia and across the GCC a smoother way to build and manage credit products. With the region’s digital banking space growing at full tilt — especially under Saudi Arabia’s Vision 2030 push — the timing feels spot on. I remember chatting with a young founder at a Riyadh meetup last year who said launching credit products was “a bit of a faff” because legacy systems simply couldn’t keep up. PayCredit seems designed with exactly that frustration in mind.

The company describes the platform as a modern, cloud-first system that lets financial institutions tailor everything from credit limits and interest rates to repayment models and billing cycles. Rob Macmillan, who heads product at Paymentology, noted that many fintechs want to offer smarter credit options but get bogged down by outdated infrastructure. His point landed with me — I’ve seen plenty of startups across the region struggle with this bottleneck, and, well… I mean, it’s not surprising when so many tools were built for a totally different era.

What stands out is that PayCredit brings card issuing and credit ledger management onto the same platform. It might sound technical, but it basically means less juggling for banks and faster rollout times. The platform even supports Apple Pay, Google Pay and Samsung Pay, which is quickly becoming a minimum expectation for users here. And believe it or not, some smaller players are still catching up on that front.

Jeff Parker, Paymentology’s CEO, said the growing expectations of customers require infrastructure that can adapt quickly. He reckons PayCredit gives institutions the control and transparency they need to build reliable credit offerings — and I can see why that flexibility matters, especially for Saudi neobanks trying to expand without building everything from scratch. On the flip side, I’m not a fan of how crowded the credit-tech space is getting globally, but in the GCC it still feels like there’s plenty of room for meaningful innovation.

Paymentology says PayCredit is already in use with digital banks elsewhere, and for regional fintechs, skipping the need to develop full lending systems could be a major advantage. As someone at Arageek who’s seen how founders light up when barriers shrink even a little, I’m chuffed to bits when a tool actually does what it promises. If PayCredit delivers, it could make launching credit products definately less painful for startups hoping to ride the wave of digital transformation sweeping Saudi Arabia and its neighbours.

🚀 Got exciting news to share?

If you're a startup founder, VC, or PR agency with big updates—funding rounds, product launches 📢, or company milestones 🎉 — AraGeek English wants to hear from you!