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The Saudi British Bank (SABB) has been awarded “Best in Class eCommerce Acquirer 2021” by Mastercard. It is in recognition of the bank’s digital innovation and continued progress in delivering market-leading payment solutions across all sectors, providing customers with advanced digital banking experiences.
On this occasion, Majed Najm, Deputy Managing Director of Corporate and Institutional Banking at (SABB), said: “We are proud to have received this award, it is a culmination of our leadership and excellence in providing innovative solutions meeting the growing and diverse needs of our customers. The award also demonstrates our continuous efforts aligned to achieving the strategic goals of Vision 2030. We are committed to playing our role as a major financial institution stimulating economic and commercial growth in order to drive forward the Kingdom’s digital transformation.”
“A close long-term strategic partner, SABB has always been instrumental in driving digital growth in the Kingdom. We are delighted to have awarded them ‘Best in Class eCommerce Acquirer 2021,” said J.K. Khalil, Country Manager, Saudi Arabia, Bahrain and Levant, Mastercard.
“We are committed to enabling the sustainable growth of the financial landscape across Saudi Arabia and the rest of the region. Together with our partners, we continuously connect consumers to the possibilities and benefits of digital payments and eCommerce. We will continue to advance growth by rolling out innovative solutions that provide simple and convenient ways to transact,” he added.
(SABB) is a leader in digital transformation, focusing on accelerating transformation steps at all levels, including eCommerce, which is an important pillar in providing a leading banking experience while stimulating the economy and developing various business sectors.
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About Saudi British Bank (SABB):
Saudi British Bank (SABB) is a financial institution licensed and subject to the supervision control of the Central Bank of Saudi Arabia. SABB was incorporated in 1978G as a Saudi joint stock company, and it is an affiliate of HSBC Group.
SABB provides integrated financial and banking services, such as retail banking, corporate and investment banking, private banking, and treasury services. SABB's paid-up share capital is SAR 20.5 billion.
About Mastercard Incorporated
(NYSE: MA), www.mastercard.com
Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.
© Press Release 2022
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