Date of Establishment: 2008
Headquarters: Saudi Arabia
Description: Payment service provider
Founders: Abdullah Faisal Al-Othman
Geidea offers digital banking technology, POS terminals, and business management solutions for both financial institutions and small businesses in retail and digital commerce. In 2021, it developed and launched a contactless mobile POS payment solution. The company employs more than 1,000 people and has 150,000 merchants. It provides support to more than 700,000 payment terminals and ATMs within Saudi. In 2021, Geidea was granted a license from the Saudi Central Bank to process end-to-end payment solutions. The company processed transactions worth $126.2 million in 2021.