Riyadh, Saudi Arabia - September 4, 2023 – Ottu signs a Memorandum of Understanding with Alinma Bank at Seamless, Riyadh to provide direct online payment integration with the payment gateways provided by Alinma Bank. Alinma Bank is the central hub for dynamic, innovative, and Shariah-compliant banking and financial solutions in the region.
Alinma Bank, renowned for its stringent security measures, is set to elevate its payment processing and management capabilities by integrating Ottu's Online Payment Management Solution (OPMS), customizing it to cater to a wide range of business opportunities.
This strategic partnership aims to revolutionize the payment experience for Alinma Bank's extensive network of merchants. Through this MOU, Ottu will provide a cutting-edge direct integration online payments solution, enabling seamless and secure transactions for Alinma Bank's customers using the bank’s variety of payment gateways through a single API integration. This collaboration underscores Ottu's commitment to innovation and its dedication to facilitating a frictionless online payments ecosystem, further solidifying Alinma Bank's position as a pioneer in the financial industry. Together, Ottu and Alinma Bank are poised to shape the future of online payments in the region.
Talal AlAwadhi, CEO of Ottu commented:, "Our partnership exemplifies Ottu's commitment to revolutionize Saudi Arabia's digital banking landscape, ushering in modernity, security, and seamlessness within the sector of Online Payments."
Ottu is a leading financial technology company dedicated to revolutionizing the way people access and manage their finances. With a focus on innovation, security, and customer-centric solutions.
About Alinma Bank:
Alinma Bank is the region’s epicenter for dynamic, innovative, Shariah-compliant banking and financial services, delivered with the speed and convenience customers require in their busy modern lives. Founded in 2006 by royal decree, Alinma Bank has a strong track record of supporting the national economy and helping individuals and businesses pursue their goals and aspirations. As a full-service financial institution, the bank serves individuals, corporates, and SMEs alike, with comprehensive products and services, including auto, home, and personal financing, individual and corporate current accounts, saving accounts, card services, corporate financing, auto leasing, and much more