PayerMax, a leading global provider of payment solutions, announced a strategic partnership with Saudi Awwal Bank (SAB), a leading bank in Saudi Arabia.
The partnership aims to redefine the digital payments landscape and streamline the onboarding experience for local merchants, facilitating seamless global transactions.
The partnership is also expected to enhance the digital payment ecosystem in Saudi Arabia.
Essay Zhu, Partner, and COO at Payermax, said the collaboration aligns perfectly with the company’s vision of empowering businesses and consumers through innovative payment solutions.
“By combining PayerMax’s expertise in payment services with Saudi Awwal Bank’s deep understanding of the local market, we are confident in our ability to deliver significant value and drive digital transformation in Saudi Arabia,” Zhu said.
Yasser Al-barrak, Chief Corporate and Institutional Banking Officer at Saudi Awwal Bank said the partnership reflects the bank’s commitment to fostering innovation and delivering effective payment solutions to further enhance the Kingdom’s payment landscape.
PayerMax supports more than 70 transaction currencies and is focused on empowering the borderless growth of the world’s fastest-growing digital merchants in emerging markets.
This partnership also reflects PayerMax and the bank’s commitment to contributing to Saudi Vision 2030, which aims to transform the Kingdom into a global leader in digital innovation, by providing seamless payment solutions and facilitating cross-border transactions.
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