SAMA, Google to launch Google Pay in Kingdom by 2025

user icon
GHADA.ISMAIL
calender icon
Jan 15, 2025
article image

Riyadh – Sharikat Mubasher: The Saudi Central Bank (SAMA) announced signing an agreement with Google to launch Google Pay services in 2025 via the Kingdom’s national payment network, Mada.

According to an official statement by SAMA, this step aligns with its efforts to enhance Saudi Arabia’s digital payments ecosystem under Vision 2030. It reflects the bank’s commitment to building a robust infrastructure, reducing reliance on cash, and offering globally compliant payment solutions.

Upon this agreement, Google Pay will enable users to conduct secure transactions in stores, through apps, and online. The service will also help users to add and manage Mada cards and digital credit cards securely via the Google Wallet app.

 SAMA noted that Google Pay is part of broader initiatives to meet market demands and position Saudi Arabia as a leader in financial technology.


Share

Related News

SAMA licenses Awn to offer consumer microfinance services
News
Calendar Icon
July 9, 2025
SAMA licenses Awn to offer consumer microfinance services
Read More
PoS sales volume in Saudi Arabia rises by 12% in May
News
Calendar Icon
June 30, 2025
PoS sales volume in Saudi Arabia rises by 12% in May
Read More
JeelPay, King Abdulaziz University to offer innovative tuition installment solutions
News
Calendar Icon
June 25, 2025
JeelPay, King Abdulaziz University to offer innovative tuition installment solutions
Read More
Alsulaiman Group acquires Taajeer Finance to lead financial services growth
News
Calendar Icon
June 19, 2025
Alsulaiman Group acquires Taajeer Finance to lead financial services growth
Read More
NayaOne partners with AstroLabs to launch fully Saudi-hosted fintech platform
News
Calendar Icon
June 16, 2025
NayaOne partners with AstroLabs to launch fully Saudi-hosted fintech platform
Read More
PoS sales in Saudi Arabia touch SAR 52 bn in April
News
Calendar Icon
June 2, 2025
PoS sales in Saudi Arabia touch SAR 52 bn in April
Read More
WaffarX, DGTERA partner to boost customer loyalty in F&B sector
News
Calendar Icon
May 27, 2025
WaffarX, DGTERA partner to boost customer loyalty in F&B sector
Read More
Numu Angels launches “Numu Angels Syndicates” in partnership with Rundet
News
Calendar Icon
May 18, 2025
Numu Angels launches “Numu Angels Syndicates” in partnership with Rundet
Read More
Saudi Arabia to host Fintech Revolution Summit 2025 in Riyadh on 3 July
News
Calendar Icon
May 7, 2025
Saudi Arabia to host Fintech Revolution Summit 2025 in Riyadh on 3 July
Read More
Fawry, Microsoft cooperate to empower SMEs with integrated digital-financial solutions
News
Calendar Icon
May 4, 2025
Fawry, Microsoft cooperate to empower SMEs with integrated digital-financial solutions
Read More