SAB partnership with (Ottu) to promote digital payments

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SAB  has announced its collaboration with Ottu, a fast-growing financial technology company, to enhance digital payments solutions. This partnership will provide SAB's business customers with an Online Payment Management Solution (OPMS) using direct integration with SAB's payment gateways in the Kingdom of Saudi Arabia.

This collaboration aims to streamline the technical integration framework to enable fast online payment acceptance through a seamless experience. Ottu's technology and expertise will provide merchants with a range of features and modules in a unified dashboard, and the Operations Management System (OPMS) will include an integrated technology that adds and enables additional payment methods such as quick checkout, digital wallets and more.

Commenting on this cooperation, Yasser Al-Barrak, CEO of Corporate and Institutional Banking at SAB, said: “Our partnership with fintechs that provide the latest technologies such as Ottu reinforces our commitment to the Kingdom’s vision towards digital transformation. At the same time, it shows our commitment to be a major contributor in providing acceptance solutions to our customers operating in the trading sector that save them time and effort.”

Youssef Al-Raqiba, General Manager of Global Cash and Liquidity Management at SAB, said: “This cooperation comes within the framework of our accelerated steps to implement the integrated digitization strategy for the banking products and services that we provide, in accordance with the highest quality standards, in a way that enhances our constant endeavor to improve customer experience and enrich the sector.”

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