In an exclusive interview with “EntArabi” during the LEAP conference events, Faisal Alhussayen, CEO and founder of “JeelPay,” revealed new horizons for education financing in Saudi Arabia. “JeelPay” is a leading company in the field of tuition financing through deferred payment and has recently obtained a license from the Central Bank three months ago, enabling it to offer its services to a large number of students and educational institutions.
Thanks to this license, “JeelPay” can now provide financing up to 40,000 Saudi Riyals. The company is currently contracted with 100 educational institutions, including Al-Ghad Colleges, Al-Mana Colleges, Knowledge University, and Dar Al-Hekma University, providing funded educational opportunities for more than 80,000 beneficiaries.
“JeelPay” plans its official launch next August, coinciding with the start of the academic year, reflecting its commitment to enhancing educational opportunities and making education more accessible. The company is currently operating in Saudi Arabia, but it has ambitious plans to expand to other countries, indicating a strategic vision to improve the global education system.
The payment system offered by “JeelPay” represents a qualitative leap in how tuition fees are managed. After completing the registration and acceptance phase, comes the payment phase, where the student can choose to pay electronically or through “JeelPay”. The process is fully automated, ensuring a hassle-free experience for every student, without any interest, and with the possibility of installment over a year.
This step reflects “JeelPay’s” commitment to offering innovative solutions that contribute to easing the financial burden on students and their families, providing greater opportunities to access quality education. With these initiatives, “JeelPay” emphasizes the importance of investing in the future through education, marking a significant step towards achieving a more educated and progressive society.
