SABB launches its Instant USD payments through Ripple

Thursday 4 November 2021 10:22 CET | News

Saudi British Bank (SABB) has launched its Instant Cross-Border Transfer Service for the US Corridor through blockchain payment technology powered by Ripple.

Ripple-powered solutions continue to be part of SABB’s strategic plan aimed towards digital transformation and improving customer experience aligning the initiative with the Vision 2030 and Financial Sector Development Program.

SABB is one of the first banks in the region to offer near real-time USD settlement for its corporate clients. This expansion of the solution to cover the US corridor is the third provided through RippleNet and follows the activation of this technology with the Indian Rupee & Lankan Rupee in early 2019. 

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Keywords: banks, blockchain, digital payments, cross-border payments, digitalisation
Categories: Payments & Commerce
Countries: Saudi Arabia
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Payments & Commerce

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