Riyadh – Sharikat Mubasher: Vision Bank, known previously as the Digital Saudi Bank, announced launching the experimental phase of its digital banking operations, after obtaining a greenlight from The Saudi Central Bank (SAMA).

This comes as a strategic stride as part of Vision Bank’s trajectory to achieve its futuristic vision, as reported by Al Arabiya.

The first phase of the launching includes providing a variety of basic banking services for a limited number of clients including Murabaha deposits, payment cards, internal money transfers within the Kingdom, in addition to bill payments.

Vision Bank aims to become a pioneer services provider in the Saudi banking sector leveraging innovation and technology to deliver exceptional and user-friendly banking solutions that meet customer aspirations and contribute to the goals of the Financial Sector Development Program, a key initiative of Saudi Vision 2030.

Notably, Vision Bank is a locally established digital bank, formed through a coalition of individual and corporate investors, and operates under the supervision of SAMA. The bank is committed to utilizing cutting-edge technologies to offer smart services tailored to suit customer needs including payments, transfers, savings, financial planning, and financing solutions.