# Nearpay

> Nearpay is a Riyadh-based fintech that turns any NFC-equipped smartphone into a payment terminal. Its payment-infrastructure-as-a-service platform gives banks, payment providers and developers a certified SoftPOS (tap-to-phone) SDK plus the full stack behind it - acceptance, compliance, certification, reconciliation and merchant dashboards - so businesses can accept in-person card payments in about 30 minutes without dedicated hardware. Founded in 2020, Nearpay was one of the first companies certified under Visa's tap-to-phone program, processed more than 40 million transactions in 2024, and in 2025 became the first Saudi payments fintech to expand into the United States.

- **Founded:** 2020
- **Headquarters:** Riyadh, Saudi Arabia
- **Founders:** Mohammad Aleban (Co-founder & CEO), Hamzah Al Ghamdi (Co-founder & CTO)
- **Team size:** ~65 employees
- **Products:** Nearpay SoftPOS SDK, Payment Infrastructure as a Service, Merchant & Hub Dashboards, White-label Payment Apps, APIs & Integrations
- **Notable:** One of the first companies certified under Visa's tap-to-phone program (December 2020)., Achieved PCI CPoC / MPoC-aligned certification for contactless acceptance on commercial devices., Processed more than 40 million transactions in 2024.

## Products & services

- **Nearpay SoftPOS SDK** — A tap-to-phone SDK that turns any NFC-enabled Android, Windows or mobile device into a contactless card reader, integrable in about 30 minutes across Java, Kotlin, Swift, JavaScript, Flutter and React.
- **Payment Infrastructure as a Service** — The full stack behind acceptance - processing, PCI compliance, network certification, tokenization and security - offered so providers don't have to build or certify it themselves.
- **Merchant & Hub Dashboards** — White-label dashboards for merchants and providers covering purchases, refunds, reconciliation, reporting and user/role management.
- **White-label Payment Apps** — Branded SoftPOS apps and payment experiences that partners such as PayTabs deploy under their own name.
- **APIs & Integrations** — REST APIs and integration tooling for connecting SoftPOS acceptance to ERPs, acquirers, PSPs and banking systems with multi-currency support.

## Achievements

- One of the first companies certified under Visa's tap-to-phone program (December 2020).
- Achieved PCI CPoC / MPoC-aligned certification for contactless acceptance on commercial devices.
- Processed more than 40 million transactions in 2024.
- Raised $14M Series A led by Sanabil (PIF) with stc and Vision Ventures (December 2023).
- Became the first Saudi payments fintech to expand into the United States (2025).

## Latest updates

- **2025-07** — Nearpay launched in the United States, its first market outside Saudi Arabia, led by co-founder Ali Mroueh with technical oversight from Hamzah Al Ghamdi - becoming the first Saudi payments fintech in the US.
- **2024-02** — PayTabs Group partnered with Nearpay to power tap-to-phone in PayTabs Touch and MEPS FAST across MENA.
- **2024-12** — Reported processing more than 40 million transactions during 2024.
- **2023-12** — Closed $14M Series A led by Sanabil Investments with stc CIF and Vision Ventures.

## Links

- Website: https://nearpay.io
- LinkedIn: https://www.linkedin.com/company/near-pay
- Twitter/X: https://twitter.com/trynearpay
- GitHub: https://github.com/nearpayio

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Profile page: https://yespress.io/nearpay
Published by YesPress — https://yespress.io
Last updated: 2026-07-25