PayerMax & Saudi Awwal Bank Partner for Digital Payments

In a significant development aimed at advancing the digital payment landscape in Saudi Arabia, PayerMax, a prominent global provider of payment solutions, has forged a strategic alliance with Saudi Awwal Bank, one of the leading banks in the Kingdom. This collaboration is set to revolutionize the digital payments sector and enhance the onboarding process for local merchants, thereby enabling smooth international transactions.

Essay Zhu, Partner, and COO at Payermax, said: "We are pleased to partner with “SAB”, a leading financial institution with a strong presence in the Saudi market. This collaboration aligns perfectly with our vision of empowering businesses and consumers through innovative payment solutions. By combining PayerMax's expertise in payment services with “SAB’s" deep understanding of the local market, we are confident in our ability to deliver significant value and drive digital transformation in Saudi Arabia.”

Yasser Al-barrak, Chief Corporate & Institutional Banking Officer at SAB, commented: "This collaboration reflects our commitment to fostering innovation and delivering effective payment solutions that will further enhance the Kingdom’s payment landscape which aligns with the aspirations of Saudi Vision 2030.”

Empowering Global Transactions

PayerMax is equipped to handle over 70 transaction currencies and is dedicated to supporting the limitless expansion of the world's fastest-growing digital merchants in emerging markets. By facilitating diverse payment options, this partnership will empower local businesses to engage in global commerce with ease.

Commitment to Vision 2030

This collaboration not only signifies a major step for both PayerMax and Saudi Awwal Bank but also highlights their shared commitment to Saudi Vision 2030. This ambitious initiative seeks to position the Kingdom as a global frontrunner in digital innovation by offering seamless payment solutions and enhancing cross-border transaction capabilities.