PayOne and SAB Partner to Deliver Advanced Payment Solutions in Saudi Arabia
Riyadh, February 2024 – PayOne, a leading payment technology provider in the MENA region, has partnered with Saudi Awwal Bank (SAB), one of Saudi Arabia’s most established financial institutions, to power the next phase of digital payments in the Kingdom. This collaboration is set to elevate businesses across key industries by providing a seamless, secure, and fully integrated payment infrastructure, in alignment with Saudi Arabia’s Vision 2030 initiative.
PayOne specializes in industry-tailored payment solutions, delivering fully integrated technologies and value-added services designed to meet the specific needs of sectors such as hospitality, food and beverage, automotive, and rent-a-car. By leveraging PayOne’s deep expertise in these industries, SAB is expanding its reach into new business segments, equipping merchants with specialized payment capabilities that drive efficiency, security, and growth.
"At PayOne, we are committed to transforming payments through innovation, and our partnership with SAB is a testament to that vision," said Janti Abdallah, CEO of PayOne. "Together, we are shaping the future of digital transactions in Saudi Arabia, providing businesses with the technology they need to grow while ensuring a frictionless payment experience for their customers."
This partnership aligns with Saudi Arabia’s Vision 2030 goals of accelerating digital transformation and expanding financial inclusion. By combining PayOne’s deep industry expertise with SAB’s strong market presence, businesses will benefit from a secure, efficient, and future-ready payment ecosystem—allowing them to focus on expansion while payments run effortlessly in the background.
About PayOne
PayOne is a leading payment gateway SaaS provider specializing in integrated solutions for selected business sectors, including hospitality, rent-a-car, automotive dealerships, and government. With in-house developed technology, PayOne delivers tailored payment solutions and value-added services that address the deep needs of key sectors.
For hospitality, PayOne’s omni-channel integrated solution is lightweight and highly portable, providing hotel groups with 10x faster scale across multiple countries. PayOne is committed to providing secure and trusted payment services that eliminate human error, fraud, and compliance risks, all while enhancing the end customer experience.
For more information: www.payone.io
About SAB
Saudi Awwal Bank is one of the largest banks in the Kingdom and traces its origins in Saudi Arabia to more than 90 years, during which time it has been an active partner supporting the Kingdom’s economic growth and social development.
SAB is one of the leading corporate and institutional international banks in the Kingdom with a top Wealth & Personal Banking proposition. SAB is also a leader in Saudi Arabia and the region in trade finance, foreign exchange, debt wholesale banking, digital service innovation, and ESG, paving the way for transformation and excellence.
SAB offers integrated financial and banking services, including corporate banking, investment, private banking, and treasury.
SAB’s paid-up capital is SAR 20.5 billion, after the legal merger with Alawwal Bank on 14th March 2021, when it was legally known as the Saudi British Bank (SABB). Saudi Awwal Bank is a licensed financial institution operating under the supervision of and regulated by the Saudi Central Bank and a partner of the HSBC Group.