Tawuniya Partners with MoneyHash to Enhance Payment Efficiency

Tawuniya, the largest insurance provider in the MENA region, has announced a groundbreaking partnership with MoneyHash, a leading payment orchestration platform in the Middle East and Africa. This collaboration was unveiled at LEAP 2025 in Riyadh, marking a major step forward in Tawuniya’s digital transformation journey.

Enhancing Payment Efficiency and Customer Experience

Through this strategic alliance, Tawuniya aims to revolutionize its payment infrastructure by leveraging MoneyHash’s cutting-edge technology. The partnership is set to achieve three key objectives:

> Boost Payment Performance – By integrating a broad spectrum of payment methods and optimizing transaction routing, Tawuniya can enhance payment success rates and minimize processing delays.

> Elevate Customer Convenience – Customers will benefit from seamless transactions with features such as one-click payments, customized payment plans, and a more flexible payment ecosystem.

> Adopt Next-Generation Payment Technologies – MoneyHash’s advanced solutions will position Tawuniya at the forefront of digital transformation in the insurance industry.

“Tawuniya is committed to embracing advanced technologies that enhance our customer experience and operational efficiency,” said Abdullah Alsharqi, CTO of Tawuniya. "We are delighted to announce this partnership with MoneyHash at the dynamic LEAP 2025 conference. This collaboration aligns perfectly with our vision for the future, and we are confident that this partnership will empower us to deliver exceptional value to our customers."

“We are thrilled to partner with Tawuniya, a leading insurance provider in the region, at this year’s LEAP conference,” said Nader Abdelrazik, co-founder and CEO of MoneyHash. “This collaboration signifies a significant step forward in transforming the insurance payment landscape in Saudi Arabia. Together, we aim to set a new benchmark for innovation and customer centricity.”

Driving Digital Transformation in Saudi Arabia’s Insurance Sector

Saudi Arabia’s insurance industry is experiencing unprecedented growth, with gross written premiums surging to SAR 65.5 billion ($17.5 billion) in 2023. Projections indicate this figure will exceed SAR 83.5 billion ($22.3 billion) by 2028, cementing the sector’s role in advancing Vision 2030’s financial development goals.

With insurance penetration at 1.28% of GDP in 2022 and a target of 4.3% of non-oil GDP by 2030, digital innovation is a key enabler of market expansion and operational excellence. Saudi Arabia’s commitment to financial sector modernization is evident, as the nation secured the second position among G20 countries in the 2021 Digital Competitiveness and Progress report.

A Future-Ready Insurance Ecosystem

As the industry evolves, Tawuniya’s partnership with MoneyHash signals a bold step toward a more efficient, customer-centric, and technologically advanced payment landscape. This collaboration is set to redefine digital financial services, reinforcing Saudi Arabia’s position as a leader in fintech and insurance innovation.