Telr has partnered with Saudi Awwal Bank (SAB) to revolutionise payment services in Saudi Arabia, supporting the Kingdom’s Vision 2030 goal of a cashless economy. This collaboration combines Telr’s advanced payment technology with SAB’s banking expertise, offering Saudi businesses faster, more secure, and reliable online transactions.

As Saudi Arabia’s digital commerce sector expands, this partnership provides merchants with a comprehensive suite of tools, including payment links, QR codes, digital invoicing, recurring payments, BNPL options, and Telr’s proprietary technology, ensuring exceptional flexibility and responsiveness. Telr’s support for over 120 currencies and 30 languages facilitates seamless cross-border transactions, while maintaining strict adherence to local Saudi regulations. This strategic alliance aims to empower businesses and enhance the overall digital payment experience in the region.

Khalil Alami, Founder and CEO of Telr, said, “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,”

Commenting on the partnership, 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 remains dedicated to fostering a dynamic business environment by offering services aligned with our customers’ aspirations and keeping pace with rapid advancements in digital payments, in line with the Financial Sector Development Program under Saudi Vision 2030.”