2. Saudi Arabia is among the top markets globally for contactless payment adoption

15 Aug 2022

2. Saudi Arabia is among the top markets globally for contactless payment adoption

2. Saudi Arabia is among the top markets globally for contactless payment adoption
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Saudi Arabia is among the top markets globally for contactless payment adoption, with nine in 10 transactions made with contactless cards or devices throughout the Kingdom, according to digital payments giant Visa.

In line with Saudi Vision 2030's goal to reduce the country's reliance on cash, Saudi Arabia has made great strides in near-field communication adoption, Visa's General Manager for GCC cluster Saudi Arabia, Bahrain and Oman Ali Bailoun told Al Arabiya English.

“The Kingdom has taken important steps in introducing new and different payment methods – enabling popular technologies such as Apple Pay and online debit card payments that were not possible before,” said Bailoun.

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