Telr and Saudi Awwal Bank Join Forces to Propel Saudi Arabia’s Cashless Vision

Editorial Team

Last updated 10-04-2025

3 min

Telr partners with Saudi Awwal Bank to support Saudi Arabia's Vision 2030 cashless goals.

The collaboration promises more efficient, secure digital transactions for merchants across the Kingdom.

Businesses benefit from features like flexible payment links, QR codes, and 'Buy Now, Pay Later' options.

Telr supports 120 currencies and 30 languages, aiding Saudi firms in reaching global audiences.

The partnership empowers SMEs to expand and thrive within Saudi Arabia's evolving digital economy.

Telr, the widely acclaimed online payment gateway, has teamed up with Saudi Awwal Bank (SAB) in a bid to boost the Kingdom's move towards a cashless society—a key aim of Saudi Arabia's Vision 2030 strategy. This fresh collaboration brings together Telr's cutting-edge payment platform with the robust financial backing of SAB, promising merchants more efficient, reliable, and secure digital transactions.

With Saudi Arabia swiftly becoming a regional powerhouse in digital commerce, partnerships like this are increasingly vital. Telr's alliance with SAB will offer local merchants a well-rounded toolkit, from flexible payment links and QR codes to digital invoicing and handy 'Buy Now, Pay Later' (BNPL) arrangements. For small businesses trying to navigate complex cross-border sales, these tools could be a real lifesaver. Telr currently supports a whopping 120 currencies and around 30 languages, meaning even smaller Saudis firms can confidently reach audiences further afield.

Khalil Alami, Telr's founder and CEO, stressed the importance of such partnerships, pointing out their value in boosting conversion rates and pushing Saudi Arabia's online economy forward: "This partnership enhances conversion rates and strengthens Saudi Arabia's digital economy."

On the bank's side, Yasser Al-Barrak, Chief Executive of Corporate and Institutional Banking at SAB, pointed out how valuable these services could be, especially for small and medium-sized enterprises: “Our partnership with Telr is a significant step toward empowering SMEs with financial solutions to help them expand in the marketplace and achieve their goals. We're committed to fostering a dynamic business environment and keeping pace with advancements in digital payments, in line with Saudi Vision 2030.”

Speaking of digital payments—we can probably all relate to the convenient moment of tapping our phone to pay for a groceries run after realising we've forgotten our wallet at home (and perhaps wandering back home sheepishly with a packet of biscuits and a pot of humous). In much that way, it's clear that user-friendly technologies are essential in Saudi Arabia's journey towards its ambitious cashless goals.

All things considered, Telr and SAB’s collaboration is about making life easier for Saudi businesses, helping them cut through obstacles that can often bog down growth. With innovative and flexible solutions at hand, merchants are better positioned to grab opportunities in the digital economy and embrace a cashless future—exactly as laid out in Saudi Arabia’s ambitious Vision 2030 project.

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