Paymentology has launched PayCredit, a credit ledger platform designed to help digital banks and financial institutions offer tailored credit products more efficiently.

The launch coincides with rapid growth in digital banking across the GCC and Saudi Arabia, driven by Vision 2030’s financial sector development program and rising demand for flexible credit solutions.

Credit cards remain a key tool for managing spending, cash flow, and loyalty programs, but many legacy systems lack the flexibility to meet evolving consumer needs.

PayCredit provides both revolving and installment credit options, including Buy Now, Pay Later (BNPL) features.

The platform combines credit ledger management and card issuing capabilities, allowing issuers to configure and manage credit programs with customized limits, interest rates, billing cycles, and repayment models.

It also supports digital wallets such as Apple Pay, Google Pay, and Samsung Pay. Built-in billing cycle logic enables accurate interest calculation and real-time balance tracking, while flexible installments and cashback rewards are powered by real-time data.

PayCredit is scalable and adaptable to regional regulations, with UAT simulation testing for reliable deployment.

“As expectations shift, issuers need infrastructure that can keep pace,”

said Jeff Parker, CEO of Paymentology.

“PayCredit empowers our clients across Saudi Arabia and the wider GCC to launch and scale credit offerings with full control, agility, and transparency.”

Already deployed by leading digital banks globally, the platform allows issuers to enter the credit market without building full-scale lending infrastructure, supporting Saudi fintechs and neobanks in line with Vision 2030’s digital transformation goals.

Featured image credit: Edited by Fintech News Middle East, based on image by user8285578 via Freepik