RIYADH: Google Pay will be rolled out across Saudi Arabia, the Kingdom’s central bank announced during the Money20/20 Middle East event.
The bank, also known as SAMA, also signed an agreement with Ant International to enable the acceptance of Alipay+ payments by 2026.
Both companies will utilize the Kingdom’s National Payment System, mada, according to a statement.
These developments align with Saudi Arabia’s Vision 2030 objectives to bolster the digital economy, expand financial inclusion, and increase the share of cashless transactions to 70 percent by 2025.
They also align well with SAMA’s continued efforts to advance Saudi Arabia’s digital payments landscape, supporting the goals of the Financial Sector Development Program — one of the main components of Saudi Vision 2030.
