In a significant move towards a cashless future, the Saudi Central Bank (SAMA) has partnered with Google, with the aim of introducing Google Pay in Saudi Arabia by the end of 2025.
This strategic collaboration aims to enhance the Kingdom's digital payments ecosystem, aligning perfectly with the goals and pillars of Saudi's Vision 2030 plans.
By integrating Google Pay with the national payment system, mada, SAMA demonstrates its commitment to fostering a robust and secure digital financial landscape. This move will empower consumers with a seamless and convenient way to make payments in stores, within apps, and online. Furthermore, users will be able to easily add and manage their cards within Google Wallet, enhancing the overall user experience.
The introduction of Google Pay marks a significant step towards a more digitalised economy in Saudi Arabia. This initiative aligns with the broader vision of transforming the Kingdom into a global leader in FinTech, driving innovation and enhancing the overall financial experience for both residents and visitors.
Apple Pay in Saudi Arabia
Apple Pay is already accepted and available to use in Saudi Arabia. The cashless payment service was launched in February of 2019.
Offering a convenient and secure mobile payment solution for iPhone, iPad, Apple Watch, and Mac users, Apple Pay is an additional option for those opting to use cashless payment. Through collaboration with Saudi banks and the national payment system mada, Apple Pay allows users to seamlessly make purchases in stores, within apps, and on the web. With advanced security features and a growing network of participating merchants, Apple Pay is quickly becoming a preferred payment method for many in the Kingdom, contributing to the nation's growing digital economy.
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