Landmark Arabia launches online payments by SADAD
Landmark Arabia launches online payments by SADAD
“We’re thrilled to announce the launch of SADAD as a new form of online payments on our brand sites and apps,” said Savitar Jagtiani, chief digital officer, Landmark Group.
“We understand how important SADAD is for our millions of Saudi customers as their gateway for electronic bill payments. In addition to paying by cash, debit cards, credit cards and Shukran loyalty points, paying by SADAD is now another safe, simple and convenient way to shop our brands online.”
To pay using SADAD, customers need to create a SADAD account and load it with money from their bank account. Once this is done, customers can shop any product from one of the brand sites or apps and select SADAD from the payment options available during checkout. Shoppers will then be redirected to their SADAD sign-in page where they can enter their SADAD username and password and proceed to pay for their order.
SADAD is one of Saudi Arabia’s most trusted payment systems. The group said it was a priority for them to integrate SADAD at the earliest. Following its online brand launches in July and August, a multi-disciplinary team within the group’s web team worked to make launching SADAD a reality.
SADAD was established in 2004 by the Saudi Arabian Monetary Agency (SAMA), as a way for customers to pay their bills digitally. In 2016, SAMA launched SADAD Account, which is a secure online payment option designed especially for online shopping. At the moment, 12 leading banks in Saudi Arabia offer the facility to set up a SADAD account. These include National Commercial Bank (NCB), Samba Financial Group, Riyad Bank, Saudi British Bank (SABB), Aljazira Bank, Al-Rajhi Bank, Arab National Bank (ANB), Saudi Investment Bank (SAIB), Banque Saudi Fransi, Alawwal Bank, Alinma Bank and Bank Albilad. Customers on Landmark Arabia’s shopping sites and apps can also pay by cash on delivery, credit cards, debit cards and Shukrans.
Emirates NBD opens branch in Alkhobar
Emirates NBD, a banking group in the Middle East, has expanded its presence in the Kingdom with the opening of its first branch in Alkhobar in the Eastern Province. Emirates NBD now covers three key regions in Saudi Arabia with a presence in Riyadh, Jeddah and Alkhobar.
As Saudi Arabia progresses plans for economic reform, in line with its Vision 2030, Emirates NBD’s presence builds on the growing economic and trade ties between Saudi Arabia and the UAE. Following the establishment of the Saudi-Emirati Coordination Council, the UAE and Saudi Arabia recently announced The Strategy of Resolve, a joint vision for economic development through 44 joint strategic projects within a five-year time frame.
UAE-based Emirates NBD is the first non-Saudi bank with a significant branch network across the Kingdom. The bank offers retail, private, business and wholesale banking across its network of three full-fledged branches in the Kingdom, in addition to corporate finance advisory, project and syndicated finance through Emirates NBD Capital KSA, the bank’s investment banking arm.
Emirates NBD also operates in Egypt, India, Singapore, and the UK with representative offices in China and Indonesia.
“Our presence in Saudi is integral to Emirates NBD’s growth strategy as we continue to explore opportunities in the GCC region’s largest and most dynamic economy,” said Hesham Abdulla Al-Qassim, vice chairman and managing director of Emirates NBD.
“Saudi Arabia is in the midst of a landmark economic transformation and we look forward to continuing to support Saudi individuals and businesses looking for a trusted banking partner.”
Emirates NBD recently renewed its partnership with the Kingdom’s Kafalah Program, which aims to promote financing to small and medium enterprises (SMEs) within the country.
Loai Abduljawad, CEO of Emirates NBD KSA, said: “Emirates NBD’s expanded network strengthens our offering to individuals and corporates in Saudi Arabia looking to invest and trade across the MENA region and beyond. Our superior value proposition, built on the bank’s unique ‘high tech + high touch’ philosophy of offering customers a modern banking experience complemented by personalized advisory services, will enable us to strengthen customer acquisition in the Kingdom as we continue to support the country’s long-term growth and development goals, as outlined in Saudi Vision 2030.”
Emirates NBD is a leading banking group in the region. As of June 30, 2018, its total assets were 477.5 billion dirhams, ($130 billion). The group has a significant retail banking franchise in the UAE and is a key participant in the global digital banking industry, with over 90 percent of all financial transactions and requests conducted outside of its branches. The bank was declared the “Most Innovative Financial Services Organization of the Year” at the 2017 BAI Global Innovation Awards.