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Saudi MADA Prepares to Launch ‘Apple Pay’

Saudi MADA Prepares to Launch ‘Apple Pay’

Saturday, 6 October, 2018 - 12:30
Riyadh - Asharq Al-Awsat

The Saudi Payment Network (MADA) announced it will soon introduce ''Apple Pay'' in Saudi Arabia.

In a statement issued on Friday, MADA confirmed that this falls under its continuous work to provide digital payment options according to the fastest and highest safety standards, in cooperation with its partners from Saudi banks and international payment systems.

MADA focused, since the beginning of the year, on the spread of Atheer service in stores – the service has become available in almost all points of sale in Saudi Arabia.

MADA activated the online payment service through MADA cards during the first quarter of the current year, and after that, it launched Android payments through MADA Pay.

MADA’s efforts fall under the Saudi Arabian Monetary Authority (SAMA) efforts to achieve the goals of Saudi Vision 2030 and the program to develop the financial sector.

SAMA has started implementing an ambitious plan to develop MADA in order to support and reinforce digital payments in the country through a unified digital payments strategy.

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