PayerMax Partners with SAB to Revolutionize Saudi Arabia's Digital Payments Landscape

PayerMax, a global leader in payment solutions, has announced a strategic partnership with Saudi Awwal Bank (SAB) to enhance the digital payments ecosystem in Saudi Arabia. The collaboration is designed to simplify the onboarding process for local merchants and enable seamless international transactions, aligning with Saudi Vision 2030’s goals of digital transformation.

Essay Zhu, PayerMax's COO, emphasized the potential impact of combining PayerMax’s global payment services expertise with SAB’s in-depth understanding of the local market. Zhu expressed confidence in delivering significant value and fostering digital transformation across the Kingdom.

Yasser Al Barrak, SAB’s Chief Corporate & Institutional Banking Officer, reiterated the bank's commitment to innovation, highlighting that the partnership will strengthen Saudi Arabia’s payments infrastructure in line with the ambitions of Vision 2030.

PayerMax, which supports transactions in multiple currencies, is dedicated to facilitating borderless growth for digital merchants in emerging markets.

Source: Mubasher