Saudi Arabia uses digital technology for 79 per cent of retail payments
cashless economy
Latest in cashless economy
cashless economy
Wizz Air announces its planes will go cashless
Wizz Air transitions to cashless payments on flights, with contactless Apple Pay, Samsung Pay, Android Pay, and Google Pay
cashless economy
UAE strides towards digital payments, but 23% of transactions are in cash
The UAE is coming closer to being a cashless society even though some transactions resist digital transformation
cashless deliveries
Dubai announces plans to go cashless with digital payments offering $2.2bn boost
Dubai Cashless Strategy targets 90 per cent of transactions being digital by 2026
banking industry
Iraq races to digitise unbanked population amid corruption crack down and US dollar transaction ban
Here’s how the Central Bank of Iraq’s initiatives, government mandates, and Visa’s contributions are shaping Iraq’s path towards a cashless economy by 2030, according to Visa boss Leila Serhan
cashless economy
UAE to launch digital currency for domestic, cross border payments
The move is in line with the UAE Central Bank’s Financial Infrastructure Transformation Programme
Amazon Payment Services
Adoption of digital payments to boost SME growth
The growing e-commerce sector, facilitated in part by a rapidly evolving digital payment ecosystem, can help SMEs unlock new markets
Abdulla Almoayed
Tarabut Gateway announces four partnerships as open banking set to launch in Saudi Arabia
Kingdom has announced its ambition to go cashless, aiming for 70 percent non-cash transactions by 2030
cashless economy
UAE payments giant Network International says Saudi launch plan ‘ahead of schedule’
CEO Nandan Mer says he continues to be positively surprised by the scale of opportunities as 2021 revenues, profits rise
cashless economy
AB Talks: Are the days numbered for cash?
Dr. Saeeda Jaffar, GCC group country manager for VISA, unpacks wideranging research that shows only one percent of businesses in the UAE want to keep cash, and many are ready to accept cryptocurrency, among a host of findings
cashless economy
Is cash in the UAE dead? New research reveals how close that RIP is
Close to 94 percent of the country’s consumers say they will continue using digital payments as much as, or more than 2021, and only 1 percent of SMEs expect their business to continue dealing with physical transactions, new Visa research findings indicate
cashless economy
Egypt’s journey to a cashless society and financial inclusion
Market opportunity for this sector is substantial with over 43 million cardholders, and with no signs of digital payments disappearing, fintechs will continue to have the foundations to prosper within Egypt
cashless economy
How female entrepreneurs are winning the digital race
Female confidence in digital transactions is higher than their male counterparts, and 30 percent reported no challenge in accepting digital payments versus cash
cashless economy
How female entrepreneurs are leading the Middle East digital revolution
New Mastercard research shows 81% of the region’s female entrepreneurs have a digital presence for their businesses
BenefitPay
Bahrain makes push to become cashless society within a decade
Kingdom’s national electronic wallet, BenefitPay announced a 785% increase in the number of remittances through its Fawri+ service in 2020 – exceeding $5m
cashless economy
Video: Contactless payment will continue to grow in the post-Covid world
J.K. Khalil, Saudi Arabia, Bahrain and Levant region Cluster Head for Mastercard, reveals the future for contactless will continue, with recent surveys in the Kingdom showing 80 percent won’t revert to cash.
Banking system
Video: Vijay Shekhar Sharma wants to bring a billion people to digital payments in India
To say that Vijay Shekhar Sharma is ambitious is an understatement. The founder of Paytm, India’s largest digital payments company, has already revolutionised the way 400 million people spend money – whether it’s buying dinner, paying an electric bill or sending money to a friend.
