Saudi British Bank (SABB) has partnered with Visa’s Cybersource to enhance its payment solutions and network uptime, and supplement the bank’s payment gateway proposition.
According to a 2021 Visa survey, more than 60% of consumers surveyed in Saudi Arabia said they prefer to shop and pay online, rather than in store.
As such, SABB will leverage Visa’s Cybersource payment gateway and risk platform to support businesses in meeting the increasing demand for digital payment options online.
SABB previously partnered with Geidea to launch contactless payments in Saudi Arabia, as well as Ripple to enable its blockchain-based cross border payments system.
“Through our partnership with Visa, we look forward to implanting the additional benefits offered by the Cybersource payment gateway, which will in turn reinforce our e-commerce strength,”
said Yasser Al-Barrak, Chief Corporate & Institutional Banking Officer, SABB.
“We are very proud to partner with SABB, one of the leading eCommerce acquiring banks to enable businesses in Saudi to deliver the seamless, secure eCommerce experience consumers are seeking,”
said Ali Bailoun, Visa’s Regional General Manager for GCC Cluster – Kingdom of Saudi Arabia, Bahrain and Oman.
