CASHIN for Information Technology and Digital Payments Solutions has signed a strategic partnership agreement with the Saudi National Bank in providing the best technology business solutions by linking the sales systems, payments and billing solutions provided by CASHIN to all current and future SNB POS devices, which in turn serves the largest segment of small and medium enterprises, as SNB POS devices  account for 21% of the total POS devices in the Saudi market.
 
This partnership aims to provide all integrated solutions for small and medium enterprises and customers of the Saudi National Bank. This partnership will facilitate the managing transactions related to business activities, such as receiving payments, managing sales with immediate bank settlements, while increasing the quality of business within small and medium enterprises sector by providing integrated solutions through a single platform -  in line with Saudi Arabia's Vision 2030 within the Financial Sector Development Program which aims to increasing  the contribution of small and medium enterprises to GDP to 35% in addition to shifting towards digital payments by 80% by 2030.
 
Commenting on this strategic partnership, Mr. Omar Al-Rammah, CEO of CASHIN, said: “We are pleased with what we have achieved today at CASHIN. In line with the technological advancements and our vision of being a business enabler, this partnership will enable companies to improve their business performance while conducting immediate bank settlements. It also enables them to integrate with governmental platforms to comply with regulators such as the Ministry of Commerce, Zakat, Tax, and Customs Authority to reflect the quality of the impact on the business environment and the economy in a holistic manner. We are proud to be an active element in the national transformation journey within the financial sector by providing innovative products in the field of Fintech and Information Systems”.
 
In the context of providing added value, Mr. Omar Al-Rammah said, “CASHIN - the one-stop shop for points of sale and payment solutions - aims in this partnership with the Saudi National Bank to provide the latest innovative systems and solutions that will make a difference to business owners in terms of speed and operational excellence while managing their business. We are happy to share our technological and know-how expertise, which is currently adding value to more than 10,000 businesses in more than 30 sectors with transactions exceeding SAR 3 Billion up to date.”