Telr, the award-winning online payment gateway, has announced a strategic partnership with Saudi Awwal Bank (SAB), one of the leading financial institutions in Saudi Arabia. The collaboration aims to elevate payment services and boost merchant efficiency, contributing to the Kingdom’s Vision 2030 initiative for a cashless economy.
As Saudi Arabia establishes itself as a regional leader in digital commerce, Telr is solidifying its presence by forming strategic alliances with key banking partners. By integrating its state-of-the-art payment technology with SAB Bank’s financial expertise, this partnership improves transaction speed, security, and reliability, empowering online businesses to accept payments seamlessly.
The collaboration offers merchants a comprehensive range of payment solutions, including payment links, QR codes, digital invoicing, recurring payments, Buy Now, Pay Later (BNPL), and proprietary technology. These features provide merchants with superior responsiveness and customization, allowing them to meet their specific business needs. Supporting over 120 currencies and 30 languages, Telr facilitates smooth cross-border transactions while ensuring compliance with Saudi regulations.
Khalil Alami, Founder and CEO of Telr, emphasized the company’s commitment to equipping businesses with innovative payment solutions that drive growth and efficiency, saying, “This partnership enhances conversion rates and strengthens Saudi Arabia’s digital economy.”
Yasser Al-Barrak, SAB’s Chief Executive of Corporate and Institutional Banking, stated, “Our partnership with Telr is a significant step toward empowering SMEs with financial solutions to help them expand in the marketplace and achieve their goals. We are dedicated to fostering a dynamic business environment and keeping pace with advancements in digital payments, in line with Saudi Vision 2030.”
Through this partnership, Telr is positioning itself as a key enabler of digital commerce in Saudi Arabia, ensuring businesses have access to cutting-edge payment solutions that align with the Kingdom’s vision for a cashless future.
