United International Holding’s Tasheel has launched a new fintech venture called Now Access, a company focused on digitizing wage processing services across Saudi Arabia.
With an initial capital of SAR 10 million (approximately USD 2.6 million) and total planned investments of up to SAR 75 million (USD 19.9 million), Now Access is poised to streamline payroll and salary disbursement in the Kingdom’s evolving labor market.
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The announcement was made through the Saudi stock exchange, Tadawul, with Tasheel confirming a 75% stake in the new company.
The remaining 25% will be held by NowPay Corp, an Egypt-based fintech firm known for providing earned wage access and payroll services across the region.
Now Access: Localizing Fintech for Labor Market Needs
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Now Access will offer digital payroll and wage management services, a sector gaining importance as businesses across Saudi Arabia shift toward automated HR and payment systems.
This strategic move comes as part of a broader push to meet the growing demand for accessible, tech-enabled financial services in line with Saudi Arabia’s Vision 2030 goals.
The company’s focus aligns closely with key national objectives: expanding financial inclusion, modernizing labor systems, and supporting the growth of local fintech infrastructure. According to Tasheel, the financial impact of the new venture is expected to be reflected in its third-quarter results for 2025.
Back in January 2025, United International Holding signed a non-binding memorandum of understanding (MoU) with NowPay Corp to explore the creation of a wage processing fintech in Saudi Arabia.
That vision has now materialized through Now Access, with regulatory approvals paving the way for the SAR 75 million investment to be deployed. The launch not only represents Tasheel’s strategic entry into the fintech space but also signals increasing cross-border collaboration between regional financial technology providers.
As Saudi Arabia continues its digital transformation, fintech firms like Now Access are set to play a critical role in solving everyday financial challenges, from timely wage access to seamless salary disbursement.
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