logo-en
  • Home
  • Companies
  • Investors
  • Opportunities
    • Home
    • SME Loans
  • FinTech Hub
  • News
LoginRegister
  • english iconEnglish
  • english iconArabic
  1. Mubasher News
  2. SAMA launches Samsung Pay service in Kingdom

SAMA launches Samsung Pay service in Kingdom

NOHA.GAD
Dec 9, 2024
SAMA announced launching the Samsung Pay service in Saudi Arabia through the national payment system Mada

Riyadh - Sharikat Mubasher: The Saudi Central Bank (SAMA) launched the Samsung Pay service through the national payment system Mada in Saudi Arabia, in a move to enhance the digital payments ecosystem in the Kingdom in alignment with Vision 2030.

In a statement, SAMA unveiled that this initiative aims to promote financial inclusion and expand the use of fintech solutions across the Kingdom.

The Samsung Pay service offers an advanced and secure payment experience, enabling users to conveniently provision and manage their Mada cards and credit cards within the Samsung Wallet application.​

The launch of Samsung Pay reflects SAMA’s commitment to developing a robust digital payments infrastructure for transformation into a less cash-dependent society by providing advanced digital payment solutions that align with international standards.

It is worth noting that SAMA and Samsung signed an agreement on the sidelines of 24 Fintech to launch the Samsung Pay service before the end of this year.

Tags

Saudi Arabia
SAMA
Digital payments
Fintech
Samsung Pay
Financial inclusion
Share

Attract clients with your ad

Start Now

Trending

Alkhabeer, Fasanara partner to advance fintech credit solutions in Kingdom
MUBASHER
Schneider Electric launches Lauritz Knudsen brand in Saudi Arabia
MUBASHER.SA
Mudad pacts with Khazna to offer ‘Flexible Salary’ product
MUBASHER.SA
Elon Musk’s xAI in talks for data center deal in Saudi Arabia
MUBASHER
UAE’s Ovasave eyes Saudi expansion after $1.2M funding boost
MUBASHER

Related News

Fintech News
Calendar Icon
Jul 17, 2025
Mudad pacts with Khazna to offer ‘Flexible Salary’ product
Read More
Fintech News
Calendar Icon
Jul 17, 2025
JeelPay, SDB to Support Saudi students with SAR 50 mn fund
Read More
Fintech News
Calendar Icon
Jul 16, 2025
IHC acquires eFunder, rebrands as Zelo to boost SME financing in UAE
Read More
Fintech News
Calendar Icon
Jul 14, 2025
Saudi fintech sector exceeds 2024 goals with 261 operating firms
Read More
Fintech News
Calendar Icon
Jul 13, 2025
Network International, Magnati secure regulatory approval to merge
Read More
Fintech News
Calendar Icon
Jul 9, 2025
SAMA licenses Awn to offer consumer microfinance services
Read More
Fintech News
Calendar Icon
Jun 30, 2025
PoS sales volume in Saudi Arabia rises by 12% in May
Read More

Sharikat Mubasher Newsletter

Get insights and exclusive content from the world of business and finance that you can trust delivered to your inbox

Email is Required
Should be a valid email

Democratizing private equity investments

  • Home
  • Companies
  • Investors
  • FinTech Hub
  • Opportunities
  • News
  • Contact Us
  • Sitemap
2024 All rights reserved to Sharikat Mubasher