Elm has revealed its imminent financial technology products when participating in GITEX 2019. The e-wallet service is currently being developed in coordination with the Saudi Arabian Monetary Authority (SAMA) in support of the financial sector development program launched in accordance with "Saudi Vision 2030".

The project is part of the development of digital infrastructure in the Kingdom aimed at reaching all segments of society. Elm said the e-wallet service application can automatically check the data of its registered users. Additionally, the app will give users the option to open virtual bank account numbers and multiple sub-accounts. This service will be linked to their bank accounts to help enhance all the services offered.

Users can use a flexible digital and reliable e-wallet to download products anywhere, anytime, on their smart devices. Through the service, Elm aims to deliver its unique technology experience through years of proven track record in financial technology.

Elm's offerings are designed to accelerate the digital transformation of Saudi Arabia and the entire Middle East and North Africa (MENA) region and provide smart services to the public and private sectors.

GITEX was the ideal platform to promote the Elm's global expansion regarding the Internet of Things (IoT) and Artificial Intelligence (AI). Elm highlighted its achievements in local and international markets as a leading provider of advanced digital solutions to meet the MENA region's digital transformation efforts.

Elm said the 39th edition of the exhibition permitted the company to demonstrate its expertise and commitment to meeting the highest standards. During the event, the company also unveiled its digital systems and solutions to contribute to digital growth worldwide. These include "Elm Analytics Platform," "Elm Health Information System," Seraj "Smart Consulting Intelligent PMO, and Integrated Transport System. Solutions combine technology and Elms expertise to meet the companys strategic objectives.

The new services reflect the company's current research and development efforts in line with its commitment to bring digital services and products. Elm said these products are critical to building the digital community and digital economy during the rapid global digital transformation.