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Salt Edge & SeaPay team to boost open banking for Saudi Arabian merchants

By Delisha Fernandes

October 04, 2023

  • Financial Technology
  • Fintech news
  • FinTech Saudi Arabia
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Salt Edge, SeaPay, merchants, open banking solutions, Omni-Channel Payment, financial technology, open banking, SAMA, FinTech news, FinTech Saudi ArabiaSeaPay, an omni-channel payment solutions provider, has partnered with Salt Edge, a financial technology company. This collaboration aims to provide local merchants in Saudi Arabia with innovative open banking solutions, aligning with the Saudi Central Bank’s vision for a thriving business environment.

The partnership between Salt Edge and SeaPay is a testament to the transformative power of financial technology. SeaPay, leveraging its legacy as the Arab Sea Information System, is committed to providing secure digital payment solutions for local merchants.

Turki Aldhamash, Chief Executive Officer at SeaPay, said, “I am thrilled to announce our partnership with Salt Edge, a global leader in open banking solutions. This collaboration marks a significant milestone in our mission to empower Saudi Arabian merchants with cutting-edge payment solutions. With the trusted legacy of the Arab Sea Information System, we are confident that this partnership will revolutionise how businesses in our region handle payments and financial transactions.”

Through this partnership, SeaPay will grant merchants access to financial data from thousands of banks across the Middle East and worldwide through a single API. This eliminates the need to connect with multiple banks individually, streamlining the payment process.

Ilia Dragan, Chief Product Officer at Salt Edge, said, “The opportunity to embark on this open banking journey in Saudi Arabia with a remarkable partner such as SeaPay provides Salt Edge with tremendous motivation to unlock the limitless potential of this phenomenon. It is our firm belief that this collaboration will have a significant impact on Saudi Arabia’s merchant ecosystem.

SeaPay aims to empower local businesses through digital payment solutions, and this partnership with Salt Edge helps in achieving that mission. The merging of local knowledge and financial technology has the potential to revolutionise how businesses in Saudi Arabia handle payments and financial transactions.

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