Saudi Awwal Bank (SAB) has joined forces with UK fintech company Wise to offer its customers fast, secure, and cost-effective remittance services.
SAB, formed after the merger and rebranding of Saudi Arabia British Bank (SABB) and Alawwal Bank in March 2021, provides various financial and banking services.
This partnership with Wise will utilize Wise’s technology to facilitate smooth international money transfers, aligning with Saudi Arabia’s Vision 2030 goals of diversifying the economy and attracting investment in non-oil sectors.
SAB aims to provide its customers with top-quality, speedy, and secure remittance services while contributing to the growth of the Kingdom’s financial sector.
Wise’s Head of Wise Platform, Steve Naudé, highlights the benefits of real-time transfer tracking, competitive exchange rates, and low fees for customers.