RIYADH, Kingdom of Saudi Arabia Wednesday, June 27, 2007: Etihad Etisalat (Mobily) launched direct debit service for postpaid customers in cooperation with SABB, for the first time in the Kingdom, a statement issued by the company said.
According to the terms of the agreement, SABB will act as the collecting bank for all Mobily direct debit customers.
Direct debit is a convenient method of bill payment that requires a one-time setup and reduces the possibility of late or missed payments.
Mobily postpaid customers wishing to benefit from the new payment facility need only a bank account from any licensed Saudi bank and a visit to a Mobily showroom to sign the direct debit authorization forms.
The new payment facility brings to six the number of payment facilities available for Mobily postpaid customers, including cash at the counter, payment through ATM cards and cash through Mobily Auto machines and Mobily M-Pay terminals available at Mobily showrooms and dealers, as well as online credit card payment and at Mobily showrooms.
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About Mobily
Mobily is the official brand name of Etihad Etisalat, a mobile service operator in the Kingdom of Saudi Arabia, established in accordance with a 2004 Saudi Royal Decree. Mobily is a listed Saudi company and floated 20 percent of its shares on Tadawul, the Saudi stock exchange that same year. Private investors hold another 45 percent of the company's shares, with the remainder, 35 percent, in the hands of the United Arab Emirate's key national operator, Etisalat.
About SABB
SABB (The Saudi British Bank) is a leading bank in Saudi Arabia and an associate of the HSBC Group, one of the world's largest banking and financial services organisations. SABB operates through a network of 73 branches in Saudi Arabia and provides a full range of banking services.
Media Contacts
Humoud Al-Ghobaini,
Senior Manager,
Corporate Communications
+966 (56) 5666420,
h.alghobaini@mobily.com.sa
Media Contacts
Ibrahim S Abo-Mouti,
Tel. +9661 2764041,
ibrahimabomouti@sabb.com
© Press Release 2007
