American Express and Almosafer collaborate to provide digital solutions to customers
American Express Saudi Arabia has announced the signing of an agreement with “Almosafer,” one of the leading travel management companies in the Kingdom of Saudi Arabia.
This agreement will enable Almosafer’s corporate clients to access centralized and unified payment solutions through the Corporate Travel Account (“CTA”) service provided by American Express.
The Corporate Travel Account (“CTA”) from American Express is a centralized virtual payment solution that facilitates smooth management of corporate travel activities.
It helps improve cash flow and expense transparency, offering a high level of control over travel costs, as well as facilitating account reconciliation through unified monthly statements.
Commenting on this agreement, Fahad Bin Mubarak Al-Khatami, CEO of American Express Saudi Arabia, said: “American Express Saudi Arabia aims to strengthen its leading position in the Saudi market by providing unique products and services and signing strategic agreements with reputable companies and institutions, with the goal of developing innovative payment solutions for businesses.
We look forward to supporting Almosafer’s clients and providing the convenience and diverse benefits offered by the Corporate Travel Account to a large base of new customers.”
Muzammil Hussain, CEO of Almosafer, said: “This agreement will provide our corporate clients with a solution that can improve travel expense management and provide them with a customized travel experience.
This reflects our commitment to helping our clients enjoy smooth business trips with complete financial control and raising the standards of corporate travel.”
This move is part of American Express Saudi Arabia’s focus on providing innovative digital solutions that prioritize customer experience, delivering exceptional experiences, and setting new standards for excellence in the banking sector.
The Corporate Travel Account from American Express serves as a testament to the company’s commitment to innovation and enhancing the banking experience for its customers.
American Express Saudi Arabia is a licensed company by the Saudi Arabian Monetary Authority (SAMA) as a finance company.
The company owns and operates the American Express card and business in the Kingdom of Saudi Arabia.
While American Express products have been available to customers, merchants, and businesses in the Kingdom for over 20 years, the establishment of American Express Saudi Arabia in 1999 marked a milestone in developing the brand in the Kingdom.
The collective efforts and harnessing of resources and expertise from American Express and Saudi Investment Bank have contributed to developing and expanding the range of services provided to members and merchants in the Kingdom.
The company offers a diverse range of products and services to its customers, including credit cards (blue, gold, platinum), charge cards (green, gold, platinum), corporate payment solutions (corporate cards, business cards, vPayment, and corporate travel accounts).
