PayerMax, a prominent global provider of payment solutions, has entered into a strategic partnership with Saudi Awwal Bank (SAB) to revolutionize the digital payments sector and improve the onboarding process for local merchants in Saudi Arabia, facilitating easier global transactions.
Essay Zhu, Partner and COO at PayerMax, expressed enthusiasm about the partnership, stating, “This alliance is a perfect match for our mission to empower businesses and consumers with cutting-edge payment solutions. Leveraging our payment service expertise with SAB’s deep market insights, we are poised to add substantial value and propel digital transformation within the kingdom.”
Yasser Al-barrak, Chief Corporate & Institutional Banking Officer at SAB, highlighted the strategic significance of the collaboration, “Our joint efforts aim to drive innovation and provide efficient payment solutions that support the kingdom’s economic goals as outlined in Saudi Vision 2030.”
With the ability to support over 70 transaction currencies, PayerMax is dedicated to enabling seamless growth for the world’s rapidly expanding digital merchants, particularly in emerging markets. This partnership is set to significantly enhance the digital payment infrastructure in Saudi Arabia, promoting broader economic development and digital inclusivity.
