Capital Bank, in cooperation with Ryalize, a Fintech solution provider, recently launched the “Sulfeh o Rateb” service, which allows employees of corporate clients of large companies and SMEs to get part of their earned salary before payday, for a fixed nominal fee per transaction.

The launch of this service, which is the first of its kind in the Kingdom, comes as a continuation of the implementation of Capital Bank's strategy and plans to provide innovative digital services with high added value to its clients, which will increase the productivity of their employees and have a positive impact on their business.

The "Sulfeh o Rateb " service is simple, easy to use, and secure, allowing employees to access the service directly from a mobile application. They can withdraw any day and anytime during the month, as long they have a balance.

Zaid Al-Kurdi, Capital Bank Group Transaction Banking Director, said: "We are pleased with our strategic partnership with Ryalize, which resulted in the launch of the first service of its kind in the Kingdom, “Sulfeh o Rateb”. It reflects our tireless efforts to provide innovative digital banking products and services that meet the aspirations and needs of our clients in the corporate sector, to help them achieve their corporate goals and enhancing the efficiency of the employees and improving their performance by providing an ideal work environment for them,” stressing Capital Bank’s commitment to providing the latest digital banking innovations to serve its corporate clients per the best standards followed in the global banking market.

For his part, Khalid Alshakrani, Managing Director of Ryalize, said: “We are pleased to launch the “Sulfeh o Rateb” service in cooperation with Capital Bank, as this service is considered the first of its kind in the Kingdom of Jordan and second in the Middle East, and it is a launchpad to provide Ryalize services in cooperation with financial institutions in the Middle East. We expect that this service will enable companies to improve their cash flow positions and raise the level of productivity by gaining the loyalty of employees and contributing to alleviating the impact of financial burdens on their performance, thus attaining financial wellness.”

Ryalize is a Fintech platform founded in Singapore in late 2019. The company partners with Financial Institutions, to serve the needs of their Corporate and Retail clients by providing cost-effective and seamless micro-solutions that will enable Financial Institutions to stay relevant, responsive, innovative and gain an edge in attracting new business.