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Innovative solution
The name of company providing the innovative solution
Description
1
WATHEQ
Trusted Communication Company for designing and developing computer programs and systems
An electronic platform and mobile application offering digital escrow solutions in partnership with a bank operating in the Kingdom. The platform provides services to all bank and electronic money payment company customers. Commercial transactions are paid and documented through the platform, with the related funds remaining in a specific escrow account at the partner bank until the customer benefiting from the service or product confirms receipt of the service or product associated with the transaction.
2
e-Damana
eDamana for Software Development
e-Damana is a platform that provides digital escrow services to key sectors such as real estate and vehicles. The platform uses advanced payment systems and partners with government agencies and local banks to secure transaction amounts and enhance trust between sellers and buyers. The platform arranges the payment process as a neutral and trusted third party, depositing the transaction amount in a dedicated escrow account and disbursing the escrow amount only after the official transfer of ownership by the relevant government agency.
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