PayOne, a leading provider of payment technology in the MENA region, has entered into a strategic partnership with Saudi Awwal Bank (SAB), one of the Kingdom's most prominent financial institutions, to advance digital payments across Saudi Arabia. This collaboration aims to enhance the business landscape by offering a secure, seamless, and fully integrated payment infrastructure, supporting the objectives of Saudi Arabia’s Vision 2030.

Specializing in customized payment solutions for various industries, PayOne delivers integrated technologies and value-added services designed to meet the unique requirements of sectors such as hospitality, food and beverage, automotive, and rent-a-car. By tapping into PayOne’s deep sector knowledge, SAB is extending its reach into new business areas, providing merchants with advanced payment capabilities that foster efficiency, security, and growth.

"At PayOne, we are dedicated to revolutionizing the payments landscape through innovation. Our partnership with SAB reflects this commitment," said Janti Abdallah, CEO of PayOne. "Together, we are shaping the future of digital transactions in Saudi Arabia, offering businesses the technology to grow while ensuring a seamless payment experience for their customers."

This collaboration is in line with Saudi Arabia’s Vision 2030, which aims to drive digital transformation and broaden financial inclusion. By combining PayOne’s industry expertise with SAB’s established market presence, businesses will benefit from a secure, efficient, and future-proof payment system—allowing them to focus on growth while the payment processes function smoothly in the background.

About PayOne

PayOne is a leading SaaS payment gateway provider, specializing in integrated solutions for key business sectors, including hospitality, rent-a-car, automotive, and government. Through its in-house developed technology, PayOne offers customized payment solutions and value-added services designed to address the specific needs of these industries.

In hospitality, PayOne’s omni-channel integrated solution is both lightweight and highly adaptable, enabling hotel groups to scale 10x faster across multiple regions. PayOne is committed to delivering secure, reliable payment services that mitigate risks such as human error, fraud, and compliance issues, all while enhancing the customer experience.

For more information: www.payone.io

About SAB

Saudi Awwal Bank (SAB) is one of the largest banks in Saudi Arabia, with a rich history spanning over 90 years. Throughout this time, the bank has been a key contributor to the Kingdom's economic development and growth.

As a leading corporate and institutional bank in the region, SAB excels in areas such as trade finance, foreign exchange, debt wholesale banking, digital innovation, and ESG, driving transformation and excellence across the financial sector.

SAB offers a range of integrated financial services, including corporate banking, investment, private banking, and treasury. Following the merger with Alawwal Bank in March 2021, SAB operates with a paid-up capital of SAR 20.5 billion. It is a licensed institution regulated by the Saudi Central Bank and a partner of the HSBC Group.