First Abu Dhabi Bank and Magnatti Teams Up with Geidea To Enhance Digital Payments in Saudi Arabia
To offer digital payment acceptance services to businesses in the Kingdom of Saudi Arabia, First Abu Dhabi Bank and Magnatti have partnered with Geidea, the largest financial technology company in the Kingdom. This collaboration is anticipated to help the Saudi Arabian payments industry undergo a qualitative shift, delivering great value for customers, facilitating access to cutting-edge financial services, and lowering costs.
One of the biggest and safest financial organizations in the world, First Abu Dhabi Bank is the biggest bank in the United Arab Emirates. It has been operating as a licensed bank in the Kingdom of Saudi Arabia since 2019. Magnati is regarded as one of the top innovators and offers payment services as a "Payment as a Platform" to a variety of industries and businesses, including integrated payment solutions, secure financial transaction processing, and a group of comprehensive e-commerce solutions.
This stage, when financial technologies transcend conventional geographic constraints to offer the most cutting-edge and complete financial services and solutions, makes the significance of this strategic partnership between First Abu Dhabi Bank, Magnatti, and Geidea clear.
“Our cooperation with Geidea reflects our commitment to support the goals and aspirations of our customers in the Kingdom of Saudi Arabia, to work together to achieve a qualitative transformation in the payments sector by providing advanced solutions, flexible operations and exceptional customer experiences, and by taking advantage of Geidea’s innovative technologies and expertise,” said Ramana Kumar, CEO of Magnati. Magnati is a major player in the field of financial technologies, and we are confident of our ability to contribute to the development and development of the digital payments sector in the Kingdom."