Riyadh, Saudi Arabia – September 4, 2024: Ottu, a leading fintech company in the MENA region, has signed a Mutual Collaboration Agreement (MCA) with Saudi National Bank (SNB) to enhance the digital payment landscape in Saudi Arabia significantly. As part of this strategic partnership, Ottu will offer its innovative "Smart Router" technology to SNB's premium clients.
This collaboration marks a major milestone, Ottu to provide highly efficient, secure, and cost-effective payment solutions tailored to the unique needs of Saudi Arabian businesses.
Ottu’s 'Smart Router' is a groundbreaking tool designed to optimize online payment performance. By analyzing incoming and outgoing transactions in real-time, Smart Routing ensures the highest success rates and delivers a seamless payment experience with greater flexibility and accessibility to Ottu’s state-of-the-art online payment management system.
Ottu's partnership with SNB reflects a shared commitment to delivering exceptional, secure, and efficient online payment solutions for SNB clients. Together, they equip businesses with the tools needed to thrive in a fast-evolving digital landscape, staying at the forefront of innovation to meet the changing needs of both businesses and consumers.
About Ottu
Ottu is a leading fintech revolutionizing online payments for merchants. Focused on innovation and direct integration with Banks, Ottu has forged strategic alliances with technology partners, banks, schemes, and acquirers, bolstering the fintech ecosystem in the MENA region.
Learn more: www.Ottu.com
About SNB
Saudi National Bank (SNB), one of the largest financial institutions in Saudi Arabia, was established in 1953 as the country’s first bank. Headquartered in Riyadh, SNB is a leading provider of banking and financial services in the region, offering a comprehensive range of products and solutions, including retail, corporate, and investment banking, wealth management, and Islamic banking services. As a key player in the financial sector, SNB is committed to driving economic growth and innovation, supporting the Kingdom's Vision 2030, and contributing to the development of a diversified and sustainable economy.
Learn more: www.alahli.com
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