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May 6, 2020

Saudi Arabia’s Alinma Bank introduces digital cards

Saudi Arabia’s Alinma Bank has introduced digital cards are part of its digital transformation process.

The financial institution launched the digital version of its Alinma mada and Alinma Traveler cards to increase customer convenience.

The latest offering, provided free of charge, will eliminate the need to use physical card to complete online or POS transactions.

These digital cards can be managed through the bank’s online portal. Additionally, they can be added to several digital wallets such as AlinmaPay, Apple Pay, and mada Pay.

Commenting on the move, Alinma Bank CEO Abdulmohsen Al-Fares said that the bank had invested considerable time and resources in the pursuit of digital excellence, and affirmed the bank’s commitment to further enhancing its digital and self-service channels in order to address both partner needs and aspirations.

He also noted that such initiatives will utilise the latest banking technology and practices to ensure the safety and security of online transactions.

Now, Alinma Bank plans to expand its digital card portfolio by introducing new such offerings soon.

Alinma Bank is licenced to operate in the Saudi financial services sector. It provides Shariah-compliant retail, corporate banking and investment services.

The bank has already launched a 24/7 branch in Riyadh, and plans to introduce such self-service banking locations in other parts of the country.

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