The Saudi Central Bank (SAMA) has announced the launch of Samsung Pay in Saudi Arabia, through the national payment system “mada”.
It comes as part of its continuous endeavours to improve digital payment, in line with the Saudi Vision 2030.
This will help promote financial inclusion and expand the use of FinTech solutions across the Kingdom.
Samsung Pay in Saudi Arabia
The Samsung Pay service “offers an advanced and secure payment experience, enabling users to easily add and manage their mada cards and credit cards” in the “Samsung Wallet” application.
This initiative underscores SAMA’s commitment to developing a “robust digital payments infrastructure, facilitating the transition to a less cash-dependent society by providing advanced digital payment solutions that meet international standards”.
SAMA said: “The launch of the Samsung Pay service is part of a series of innovations that aim at meeting the market needs and advancing Saudi Arabia’s position as a global pioneer in FinTech”.
Follow us on
