Alinma Bank Launches E-Payment Gateway in Saudi Arabia

Press release
Published January 22nd, 2018 - 06:45 GMT
Alinma Bank recently launched its E-Payment Gateway service.
Alinma Bank recently launched its E-Payment Gateway service.

In a move intended to give merchants more flexible options for receiving payments from their customers, Alinma Bank recently launched its E-Payment Gateway service, which provides a convenient, streamlined e-commerce payment solution that accepts both domestic and international credit and debit card payments. Alinma’s E-Payment Gateway is a secure, advanced payment platform that gives both merchants and customers peace of mind when buying and selling online.

Speaking about the new service, Alinma Bank Managing Director and CEO Abdulmohsen Al-Fares touted the bank’s ongoing commitment to utilizing the latest in banking technology and best practices.

“From its inception, Alinma has leveraged powerful, state-of-the-art technology in building out its product and service offerings,” said Al-Fares. “The E-Payment Gateway is just the latest example of the bank using technology to meet real market needs; and we are pleased to roll out a service that will help facilitate commerce both here in Saudi Arabia and internationally.”

The new service is feature-rich, allowing merchants to view sales and payment reports as well as daily reports on all transfers and deposits made on the merchant’s account.

The E-Payment Gateway service is available to any bank partner (customers) who has an Alinma current account, a functioning e-commerce website, and a valid commercial registration for their company.

Alinma Bank serves its partners (customers) through a broad range of e-banking options that include Alinma Internet, Alinma Phone (8001208000), Alinma Mobile (WAP), and Alinma’s smart device applications. The bank also has a network of 153 branches and 1436 ATMs across the Kingdom. 

Source: The Saudi Gazette

Background Information

Alinma Bank

Alinma Bank is licensed to operate in the Saudi financial services sector, a sector that has experienced positive growth in recent years and is vital to the strength of the national economy. It is in this strong economic environment that Alinma Bank will show its competitive advantages in the following areas.

Shariah Compliance

Alinma Bank seeks to become an integrated financial institution that is in complete accordance with Shariah-compliant banking standards in all services and transactions. It is this dedication to higher standards that Alinma Bank believes will establish it as the touchstone for Shariah banking compliance at the local level in Saudi Arabia, at the regional level and at the broader international level.

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