Connect with us

News

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

on

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.

Advertisement

📢 Get Exclusive Monthly Articles, Updates & Tech Tips Right In Your Inbox!

JOIN 21K+ SUBSCRIBERS

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Yango Ride Expands Corporate Transport Service In Abu Dhabi

Known as Yango Rides for Business, the solution aims to simplify business travel management for companies operating across Emirates.

Published

on

yango ride expands corporate transport service in abu dhabi

Yango Ride, a global ride-hailing service under the Yango Group, has extended its corporate transport solution, Yango Rides for Business, to Abu Dhabi. Initially launched in Dubai in 2024, the company is now expanding in a bid to simplify business travel for companies operating between both Emirates.

Yango Rides for Business offers a streamlined way to handle employee transportation through a single platform. Instead of dealing with the hassle of prepayments or reimbursement claims, businesses will be able to consolidate all ride expenses under a single corporate account that’s billed monthly. The setup makes it easier to track spending while ensuring expenses remain fully tax-deductible.

A key advantage of the service is its flexibility, allowing managers to set ride permissions and budget limits for employees and clients. Businesses can tailor transport solutions based on team needs — whether for daily commutes or specific travel requirements. Additionally, a dedicated account management system provides real-time analytics, enabling firms to monitor usage patterns and optimize costs.

Islam Abdul Karim, Regional Head of Yango Middle East, highlighted the importance of this expansion, explaining: “Abu Dhabi’s 4.5% economic growth in Q3 2024 reflects a thriving business environment where seamless mobility is essential for productivity. Yango Rides for Business simplifies corporate transportation, reducing administrative tasks and optimizing costs. By providing a centralized solution, we help companies ensure smooth employee travel experiences, supporting efficiency and growth in this dynamic market”.

Also Read: Dubai Teams Up With Elon Musk’s Boring Company For “Dubai Loop”

Meanwhile, Ivan Kaplunovich, Head of Yango Rides for Business, emphasized the benefits of the service, adding: “Today’s businesses need to balance cost efficiency with flexibility in a fast-changing environment. Yango Rides for Business gives companies a seamless way to manage corporate transportation — from controlling expenses and booking rides to simplifying billing and generating custom reports. With this level of flexibility, businesses can stay focused on growth, innovation, and delivering value”.

Continue Reading

#Trending