Saudi Arabia uses digital technology for 79 per cent of retail payments
Cashless future
Latest in Cashless future
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
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
AB Ventures
Saudi Arabia’s HyperPay raises $36.8mn in new investment round led by Mastercard
New funding will support the payment services provider’s regional expansion to Egypt, Qatar and Oman
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 future
UAE can go completely cashless by 2030, according to industry expert
Notorious for its reliance on cash, regional experts share their insights on what factors are driving the payments landscape towards complete digitisation
Apple Pay
Money Talks: Visa delves into the future of online payments
The UAE has set itself a big aim to become a completely cashless society within the next few years.
cashless economy
Video: What does a cashless future mean?
Many countries are going cashless at great speed. What are the advantages of ditching hard cash and what are the dangers?
Beam
Dubai-based mobile wallet app Beam eyes global expansion
Beam’s UAE operations were acquired by Majid Al Futtaim in November
Cashless future
Dubai’s biggest bank embraces Google Pay technology
Emirates NBD has announced that its debit and credit card customers can now pay via Google Pay
Beam
Dubai retail giant buys mobile wallet app Beam
Majid Al Futtaim acquires Beam which enables retailers to accept mobile payments and engage with customers directly through their smartphones
Cashless future
The biggest opportunity for a cashless future lies with the smallest merchants
Opinion: Changing perceptions at a grassroots level is the best way to connect businesses and customers