Saudi Awwal Bank Signs Partnership Agreement with Wise

Wise

05.09.23

1 minute read

Saudi Awwal Bank has entered into an agreement with Wise to provide Awwal customers with fast, secure and cost-effective solutions for sending and receiving money internationally.

This agreement will contribute to Awwal achieving the goals of the Kingdom’s Vision 2030 - a financial sector development program designed to stimulate investment. The partnership is also central to First Saudi Bank’s strategy of focusing on providing the latest innovative banking solutions.

Bandar Al-Ghashean, CEO of Wealth Management and Personal Banking at Awwal, said:
“This partnership is part of Awwal’s efforts to enable customers to carry out smooth and effective international transfers, according to the highest standards of quality, speed, and security. We also look forward to continuing our contributions to the development of the financial sector in the Kingdom. And keeping pace with the digital transformation, by providing the best modern digital banking solutions, as we are interested in providing distinguished digital services, according to the best approved technologies that support the rapid development in the financial sector.”

Bandar Al-Ghashean, CEO of Wealth Management and Personal Banking at Awwal, said:

“This partnership is part of Awwal’s efforts to enable customers to carry out smooth and effective international transfers, according to the highest standards of quality, speed, and security.

We also look forward to continuing our contributions to the development of the financial sector in the Kingdom. And keeping pace with the digital transformation, by providing the best modern digital banking solutions, as we are interested in providing distinguished digital services, according to the best approved technologies that support the rapid development in the financial sector.”

Steve Naudé, Head of Wise Platform, said:
“We are pleased to announce this partnership with SAB, which is one of the leading and distinguished banks in the region, through which we aim to make international payments fast and easy and allow Awwal customers to benefit from our innovative Wise technology. This integration will enable customers to track their transfers in real time, and benefit from competitive exchange rates and low fees. This partnership is a great example of the way we always strive to expand our partnerships with the world’s leading financial institutions.”

Steve Naudé, Head of Wise Platform, said:

“We are pleased to announce this partnership with SAB, which is one of the leading and distinguished banks in the region, through which we aim to make international payments fast and easy and allow Awwal customers to benefit from our innovative Wise technology.

This integration will enable customers to track their transfers in real time, and benefit from competitive exchange rates and low fees. This partnership is a great example of the way we always strive to expand our partnerships with the world’s leading financial institutions.”

SAB and Wise enter agreement
Abid Mumtaz, Commercial Lead for Wise Platform, signing a partnership agreement with SAB on behalf of Wise.

*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.

This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.

We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.

Money without borders

Find out more

Business

T2P integrates with Wise Platform for faster, cheaper and more transparent transfers for customers in Thailand

Wise Platform has teamed up with T2P, a leading payment solution provider, as our first partner in Thailand.

Flora Shi

24.04.24 1 minute read

Business

Wise Platform Mission Update Q1 2024

‘Wise Platform’ has hit the ground running in 2024, entering the year with a total of over 85 partners globally and a number of exciting announcements. Over...