Riyadh – Mubasher: Leading e-payment services provider OneCard entered into strategic partnerships with Banque Saudi Fransi, Arab National Bank (ANB), and Tiqmo on the slides of the Seamless Saudi Arabia 2024 event.
OneCard and Banque Saudi Fransi will team up to back payments for the company's distributor network, while the collaboration with ANB aims to develop a digital card store for the bank's customers.
Meanwhile, Tiqmo and OneCard will set up a digital card store for the former’s clients.
The two listed banks recently announced their financials for the nine-month period that ended on 30 September 2024, with Banque Saudi Fransi posting net profits valued at SAR 3.42 billion and ANB's net profits amounting to SAR 3.71 billion.
In a previous exclusive interview with Mubasher during the Seamless Saudi Arabia 2023 conference, Ahmed Fahmy, CEO of OneCard, unveiled plans to expand the business into more countries.
During last year’s edition, OneCard inked a strategic agreement with YOÜGotaGift to scale up operations in Saudi Arabia and the Gulf region.
The online payment service provider collaborated with Saudi Awwal Bank (SAB) to enhance digital payment solutions across the Kingdom. The company also signed a cooperation partnership agreement with Alinma Bank to evolve the lender’s digital card store.
