Global payments technology firm FSS said it is involved in the efforts of the Kingdom of Saudi Arabia in strengthening its digital payment capabilities. The company currently works with leading acquirers in the country and has signed deals with in-country channel partners to strengthen its go-to-market strategy. It said it is supporting enterprises in the shift from siloed product-centric banking to omni-channel; API-driven banking models, enabling banks to deepen customer engagement and curate new value pools by collaborating with fintech; in the development of next-generation commerce, offering merchants a unified platform for processing e-commerce and in-store transactions; in the increased leverage of Big Data, with a focus on best-practice analytics to manage risk and cost and support enhanced business performance and in bringing in a frictionless payment experience whilst meeting increased pressure for risk-free, fully secure transactions between multiple and diverse parties.
Krishnan Srinivasan, Global Chief Revenue Officer at FSS, said to deepen digital payments in KSA, it is important for each payment ecosystem player to understand the potential and determine its unique winning approach. That is where FSS as a processor as well as an enterprise-grade payments technology company can make a monumental difference to KSA’s payment vision.