SAB partners with Ottu to boost digital payments solution

By Leandra Monteiro

SAB announced its collaboration with Ottu, a rapidly growing payment FinTech, to enhance its Digital Payments Solution.

The partnership will provide SAB merchants with an Online Payment Management Solution using direct integration with the payment gateways provided by SAB.

This collaboration aims to simplify the technical integration framework to quickly enable online payment acceptance through a seamless experience. Ottu’s technology and expertise will offer merchants a range of features and modules in a unified dashboard. OPMS will incorporate integrated technology that adds and enables additional payment methods such as express checkouts and digital wallets etc. introduced by the Bank.

Commenting on the collaboration, Yasser Al-Barrak, CEO of Corporate and Institutional Banking at SAB said, “Our partnership with fintechs providing cutting edge technology such as OTTU enforces our commitment to the vision of the Kingdom toward digitization. At the same time, it shows our commitment towards being a major contributor in providing acceptance solutions to our merchants which will ease efforts and save time for them.”

Talal Kamel AlAwadhi, CEO of Ottu, stated, “We are excited to work with SAB to revolutionize the digital banking landscape in Saudi Arabia. Our cutting-edge technology and expertise in fintech will help SAB provide its merchants with a modern, secure, and seamless banking experience.”

The partnership between SAB and Ottu KSA demonstrates the increasing importance of digital transformation and innovation in the sector. With this partnership, the bank is reinforcing its position as a leading financial institution in the region while also achieving its strategic goals.

SAB represents the new identity of The Saudi British Bank (SABB), which has recently announced the change of its commercial name and re-launched its new identity. Upon receiving regulatory and shareholder approval, the business will be carried out under the new commercial name of ” Saudi Awwal Bank”.