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Saudi Arabian Riyal Interbank Express

Saudi Arabian Riyal Interbank Express latest

Saudi Arabia: Online Payments Soar 400 Percent
April 14th, 2020 - 07:00 GMT

Saudi Arabia: Online Payments Soar 400 Percent

Online payments in the Kingdom jumped by more than 400 percent in the first quarter of 2020 compared to the same period last year, the Saudi Press Agency (SPA) reported — an indication of a significant shift toward online shopping in the wake of the COVID-19 crisis. The number of online payments reached 7.3 million, valued at SR1.79 billion ($475.81 million). More than 2.7 million Mada cards were used for ...
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