Announcement |07/08/2024
alrajhi bank Champions the Growth of Small and Medium Enterprises with Innovative Financial Services!
![](/-/media/Themes/AlrajhiPWS/AlrajhiSaudia/AlrajhiSaudiaTheme/img/news-img/360x180-bkup.jpg?h=180&iar=0&w=360)
Announcement | 07/08/2024
alrajhi bank Champions the Growth of Small and Medium Enterprises with Innovative Financial Services!
![](/-/media/Themes/AlrajhiPWS/AlrajhiSaudia/AlrajhiSaudiaTheme/img/news-img/700x700.jpg?h=700&iar=0&w=700)
alrajhi bank has unveiled a comprehensive suite of services and products specifically designed to support the growth of small and medium enterprises (SMEs) in the Kingdom. This initiative reflects the bank's unwavering commitment to delivering innovative financial solutions that foster sustainable development for these crucial businesses.
With a diverse range of offerings, alrajhi bank addresses the unique needs of SMEs through integrated packages that include prepaid cards, ATM cards, payroll services, and payroll cards. These tools empower businesses to manage their cash flows efficiently and seamlessly, thereby enhancing their capacity to thrive in an evolving business landscape.
A standout feature of the bank's innovative solutions is the cash deposit card, which allows SMEs to deposit cash 24/7 via alrajhi bank’s extensive ATM network. This service significantly mitigates the risks associated with cash handling, providing flexibility and ease in managing financial liquidity.
alrajhi bank’s advanced payroll services are designed to streamline salary transfers for SMEs. Through a state-of-the-art electronic portal, businesses can effortlessly transfer salaries, accompanied by detailed reporting to manage monthly payroll records with high efficiency. This service not only boosts employee satisfaction but also ensures timely and accurate payment processes.
To further enhance operational efficiency, the bank offers virtual account solutions that simplify collection and balance management. These solutions enable businesses to create virtual accounts linked to a primary collection account, facilitating precise monitoring and reconciliation of incoming funds, saving time, and reducing errors.
Beyond traditional banking services, alrajhi bank provides advanced point-of-sale and e-commerce solutions. Businesses can transform smartphones into secure point-of-sale devices using NFC technology, streamlining sales processes and enhancing security. The payment gateway for e-stores offers a robust platform for secure online transactions.
The alrajhi Business Card is another exemplary solution, offering flexibility for managing daily business expenses. Employers can allocate these cards to employees for business expenditures, with the added benefit of cashback on local and international purchases. This card can be easily managed through the alrajhi Business application, optimizing expense management.
Through these comprehensive services, alrajhi bank solidifies its reputation as a trusted partner in the Kingdom's business sector, dedicated to promoting economic growth and sustainability. By offering this integrated package of services, the bank aims to support the objectives of Saudi Vision 2030 and contribute to building a sustainable and diversified economy.
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