AwwalPay is developing a secure way for customers and merchants to send and receive payments instantly – powered by Open Banking innovation in line with the Saudi Central Bank (SAMA) framework.
About AwwalPay
AwwalPay is a Saudi-focused fintech developing digital payment solutions to make financial transactions faster, more secure, and more transparent.
Our platform leverages Open Banking technology to enable direct, instant bank-to-bank payments – without traditional intermediaries.
We have built our MVP and are currently participating in the SAMA Open Banking Lab for testing and regulatory alignment.
Our Vision
To empower Saudi consumers and businesses with instant, card-free payments that are compliant, simple, and aligned with Vision 2030’s digital transformation goals.
We’re working to make payments more efficient, cost-effective, and secure – supporting a thriving cashless ecosystem for the Kingdom.
What We’re Building
AwwalPay is creating a new standard for how money moves – secure, transparent, and in real time.
- For Customers: A simple and secure way to pay directly from your bank account.
- For Merchants: A modern payment experience – no cards, no delays, no intermediaries.
- For Banks: A trusted technology partner supporting Open Banking innovation.
Security & Compliance
Security and compliance are at the heart of everything we build.
- Developed in line with the Kingdom of Saudi Arabia’s PDPL (Personal Data Protection Law).
- Designed to comply with SAMA Open Banking and cybersecurity requirements.
- Uses end-to-end encryption, tokenised authentication, and secure API communication.
AwwalPay does not hold or store customer funds – all future transactions will occur directly between user and merchant bank accounts via secure banking rails.
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Note: AwwalPay is not yet providing regulated financial services. All information provided here is for informational purposes only and may be subject to change from the framework provided by SAMA.