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Saudi Payments

Saudi Payments latest

Saudi Arabia: Visa Partners with SAMA Unit to Expand Smartphone Payment Network
June 23rd, 2021 - 11:30 GMT

Saudi Arabia: Visa Partners with SAMA Unit to Expand Smartphone Payment Network

Saudi Payments, a unit owned by the Saudi Central Bank (SAMA), has partnered with global payments giant Visa to launch a system to allow users in the Kingdom to make digital payments using their smartphones. The new Tap to Phone function will operate through Mada, Saudi Arabia’s national payments network, to allow retailers and merchants, especially small businesses, to accept contactless payments via their smartphone devices without having to invest ...
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