Riyadh - Sharikat Mubasher: JeelPay, one of the leading fintech companies in Saudi Arabia, signed a cooperation agreement with King Abdulaziz University to offer students innovative tuition installment solutions.

The agreement was signed by JeelPay’s CEO, Mohammed Alkhodir, in the presence of senior officials from the university, the company stated in a recent statement.

Both parties will join efforts to empower education and achieve financial sustainability for students.

As a leading provider of educational financing solutions, JeelPay launched its flagship product, ‘Study Now, Pay Later,’ to enable parents to finance their children’s tuition upfront, focusing on minimizing financial burden in the education sector.

This model, which is a first-of-its-kind in the Kingdom, provides an innovative solution to a critical gap in the market and helps facilitate students’ access to advanced educational opportunities. It supports students and educational institutions by providing a flexible payment model, enabling pupils to continue their education without thinking about financial burdens or additional interest.