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Google Pay To Arrive In Saudi Arabia In 2025

The debut aligns with the Kingdom’s Vision 2030 and supports the country’s push towards a cashless economy and rapid digital growth.

Published

10 hours ago

January 20, 2025

Nour Nasir

google pay to arrive in saudi arabia in 2025

Google Pay will officially debut in Saudi Arabia in 2025, thanks to a new agreement between the Saudi Central Bank (SAMA) and Google. The digital wallet will seamlessly integrate with mada, the Kingdom’s national payment network.

This move ties into SAMA’s broader push to enhance Saudi Arabia’s digital payments landscape, a cornerstone of Vision 2030 — an ambitious initiative aimed at reducing the economy’s reliance on oil. By introducing secure, world-class digital payment systems, the central bank aims to lower cash usage and build a more robust digital payments infrastructure.

Once launched, Google Pay will offer Saudi users a streamlined way to shop in-store, online, and through apps, while also letting them manage their cards via Google Wallet. The growing popularity of card payments in the Kingdom reflects the government’s ongoing efforts to encourage a cashless society through advanced electronic payment solutions.

Saudi Arabia has set an ambitious target of reaching 70% non-cash transactions by 2030, with programs like SARIE playing a vital role in this transformation. Such initiatives, backed by government support and private partnerships, are helping drive the Kingdom toward greater adoption of digital payments.

Also Read: A Guide To Digital Payment Methods In The Middle East

The country’s digital payments market is projected to grow by 6.96% annually from 2025 to 2028, reaching $87.14 billion by 2028, according to Statista.

Progress is already evident: SAMA reports that by 2023, 70% of all retail consumer payments were made electronically, a jump from 62% in 2022. This milestone also serves as a key performance indicator (KPI) for the Financial Sector Development Program (FSDP), which aims to modernize the Kingdom’s financial system.

Related Topics:FinTech Google Google Pay Saudi Arabia

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Daleel Expands To UAE, Tapping Into $44B Finance Market

The Bahrain-based company offers a personalized financial marketplace with regional expansion supported by investors Flat6Labs and Salica.

Published

5 hours ago

January 20, 2025

Nour Nasir

daleel expands to uae tapping into $44 billion finance market

Daleel, a personalized financial marketplace originally founded in Bahrain, has officially entered the UAE market supported by notable investors, including Flat6Labs and Salica. Known for its ability to connect customers with tailored financial products, Daleel has gained significant traction in its home country, and the company is now eying the wider Middle East’s massive personal finance market, valued at an estimated $44.4 billion.

The platform’s UAE debut was hosted at Visa’s CEMEA Market Support Center in Dubai, marking another milestone for Daleel. The company gained regional attention when it clinched first place and $40,000 in funding at the 2023 Visa Everywhere Initiative finals in Saudi Arabia.

daleel expands to uae

Daleel’s expansion is supported by notable investors, including Flat6Labs and Salica. At the launch event, several key figures in the fintech and financial sectors were present, including Daleel’s co-founders, CEO PK Shrivastava and COO Ridaa Shah.

Reflecting on the launch, PK Shrivastava said, “Launching in the UAE is a landmark moment for the company, and we are pleased to do so alongside Visa, who have championed us from the start. There is a real demand across the region for personalized finance, and we believe this is the right time to expand our marketplace to connect more customers with the best financial solutions”.

Also Read: How (And Why) To Start A Tech Business In Dubai

Daleel’s team combines expertise in open banking, finance, and technology, which has enabled the company to refine its platform for the regional market. Their data-driven system is designed to quickly match customers with financial products, ranging from credit cards and mortgages to savings accounts, offering personalized options in seconds. This transparency and efficiency benefit consumers while providing financial institutions with more cost-effective ways to acquire customers and create data-informed products.

Looking ahead, Daleel plans to secure an open finance license in 2025, which will allow even deeper integration with financial institutions. The company’s ultimate goal is to build a financial ecosystem where decisions that used to take weeks can now be made in minutes, empowering users to achieve better financial outcomes.