Riyadh – Mubasher: Telr has partnered with Saudi Awwal Bank (SAB) to enhance e-commerce payments and boost merchant efficiency, according to a press release.
The partnership aligns with Saudi Arabia’s Vision 2030 to achieve a cashless economy by delivering seamless and secure payment solutions developed for the Kingdom’s digital landscape.
Telr will integrate its payment technology with SAB Bank’s financial expertise to improve transaction speed, security, and reliability, empowering online businesses with efficient payment acceptance.
The collaboration provides merchants with access to a wide suite of payment solutions, including payment links, QR codes, digital invoicing, recurring payments, Buy Now, Pay Later (BNPL), and proprietary technology.
Supporting more than 120 currencies and 30 languages, Telr enables effortless cross-border transactions while ensuring localized support and compliance with Saudi regulations.
Khalil Alami, Founder and CEO of Telr, commented: “Telr is committed to equipping businesses with innovative payment solutions that drive growth and efficiency. This collaboration improves conversion rates and strengthens Saudi Arabia’s digital economy.”
Yasser Al Barrak, Chief Executive of Corporate and Institutional Banking at SAB, stated: “Our goal is to empower SMEs with financial solutions that meet their evolving needs, helping them expand in the marketplace and achieve their objectives. Our partnership with Telr represents a significant step toward that goal.”
SAB posted net profits worth SAR 8.07 billion in 2024, higher by 15.25% than SAR 7 billion in 2023.
