Would you like to receive notifications on latest updates of the following headlines?

'Samsung Pay' service enabled in Saudi Arabia during Q4 2024, says SAMA

POSTED ON September 4, 2024 •   Technology      BY Abiodun Saheed Omodara
The logo of Samsung is seen on a building during the Mobile World Congress in Barcelona, Spain February 25, 2018. l Credit: Reuters

The Saudi Central Bank (SAMA) said on Tuesday that it signed an agreement with Samsung to enable the launch of Samsung Pay in Saudi Arabia during Q4 of 2024.

The agreement was signed at the inaugural 24 Fintech conference in Riyadh.

The step reflects SAMA's ongoing efforts to improve digital payment in Saudi Arabia, in line with the objectives of the Financial Sector Development Programme, a key initiative of Saudi Vision 2030, the bank said in a statement.

It also reflects SAMA's commitment to developing a robust digital payments infrastructure through the national payments system "mada", thus moving toward a less cash-dependent society by providing advanced digital payment solutions that align with international standards.

The Samsung Pay service aims to offer an advanced and secure payment experience, enabling users to easily store and manage their digital payment cards with the Samsung Wallet application.

The launch of the Samsung Pay service is part of a series of technical innovations that aim at meeting market needs and advancing Saudi Arabia's position as a global pioneer in FinTech.

READ ALSO
Cyber Threats: Nigeria's digital ecosystem at risk from scams and AI attacks
BY Abiodun Saheed Omodara January 22, 2025 0

LAGOS- A report by the Cyber Security Experts Association of Nigeria has indicated that Nigeria&rsqu...

READ ALSO
NDPC launches National Certification Programme for DPOs
BY Abiodun Saheed Omodara January 21, 2025 0

NIGERIA, (NAN) - The Nigeria Data Protection Commission (NDPC), on Monday, launched the national cer...

READ ALSO
Trump to reinstate TikTok operations in U.S on Monday, seek 50% ownership
BY Abiodun Saheed Omodara January 20, 2025 0

UNITED STATE- US President-elect Donald Trump has announced on Saturday that he plans to reinstate T...

READ ALSO
Omo-Eko mobile app 90% completed- Commissioner
BY Abiodun Saheed Omodara January 18, 2025 0

LAGOS, Nigeria(NAN) - The Lagos state commissioner for transportation, Oluwaseun Osiyemi, has announ...

READ ALSO
Install CCTVs on high-rise buildings- LASG
BY Abiodun Saheed Omodara January 15, 2025 0

LAGOS, Nigeria(NAN)  - The Lagos State government has made it mandatory for building owners to...

READ ALSO
Improving smartphone affordability in Africa- Analys
BY Abiodun Saheed Omodara January 9, 2025 0

Smartphones have become central to the lives of mil­lions across Africa, deliver­ing financi...

READ ALSO
Venezuela slams TikTok with $10m fine amid offensive challenge
BY Benedicta Bassey December 31, 2024 0

Venezuela’s Supreme Court has issues a $10 million fine against TikTok for disregarding measur...

READ ALSO
Website Hack: NBS budgets N35m for cybersecurity training
BY Abiodun Saheed Omodara December 26, 2024 0

The National Bureau of Statistics has earmarked N35m in its 2025 budget proposal for “Capacity...

OUR CHANNELS:

FG advocates reversal of mother tongue instruction policy in primary education
BY Abiodun Saheed Omodara February 9, 2025 0

ABUJA, Nigeria- The Federal Government has encouraged the National Council on Education and relevant...


Shettima highlights Nigeria's growing medical tourism
BY Abiodun Saheed Omodara February 9, 2025 0

Vice-President Kashim Shettima has stated that patients from the United States (US) and other nation...


Fake Number plates, major security threat- FRSC
BY Abiodun Saheed Omodara February 7, 2025 0

The Lagos State Command of the Federal Road Safety Corps (FRSC) has identified fake number plates as...


Nigeria's education system set for major reform, aligning with global standards
BY Abiodun Saheed Omodara February 9, 2025 0

In an effort to overhaul the Nigerian education system to align it with those of more advanced count...


Geopolitical Shift: 31 new states proposes across Nigeria's regions
BY Abiodun Saheed Omodara February 7, 2025 0

The House of Representatives Committee on the review of the 1999 Constitution has proposed the creat...


FRSC Partners NDLEA, NESREA to combat illicit drug Use
BY Abiodun Saheed Omodara February 7, 2025 0

The Federal Road Safety Corps (FRSC) is collaborating with the National Drug Law Enforcement Agency...


FCTA allocates N795.6m for 12-Month insurance policy
BY Abiodun Saheed Omodara February 9, 2025 0

The Federal Capital Territory Administration (FCTA) has allocated N795.6 million to secure a 12-mont...


65% prisoners awaiting trial- NBA
BY Abiodun Saheed Omodara February 7, 2025 0

AKURE (NAN) - Nigerian Bar Association (NBA) reports that over 65 percent of the population in corre...


Tinubu terminates meeting with GAC over Obasa's reinstatement
BY Abiodun Saheed Omodara February 6, 2025 0

President Bola Tinubu unexpectedly terminated a meeting with members of the Governance Advisory Coun...


Shettima launches DMO supervisory board to enhance fiscal, monetary policy coordination
BY Abiodun Saheed Omodara February 7, 2025 0

Vice President Kashim Shettima has launched the Supervisory Board of the Debt Management Office (DMO...


More Articles

Load more...

Menu