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Payment Experts Payrails Team With Ride Hailing App inDrive
The partnership solves the complexities of integrating various regional payment service providers into the global mobility service.
Payment platform Payrails has announced a strategic collaboration with inDrive, the world’s second-most-downloaded ride-hailing app. The partnership is already helping the California-based inDrive overcome the complexities of integrating various payment service providers and alternative payment methods across different regions, including MENA.
Payrails’ solution is provider agnostic, and features dynamic payment routing, and extended coverage of alternative (regional) payment methods. The technology is complex, but the main takeaway is that inDrive has already seen an 11% increase in card approval rates and significantly boosted conversions, enhancing profits for inDrive and improving income security for its workers.
Payrails also delivers a streamlined experience for inDrive’s developers by offering a single API (application programming interface) eliminating the need for multiple individual integrations with different regional payment providers and payment methods.
Vasiliy Everstov, Head of Fintech at inDrive, expressed enthusiasm about the results, stating: “Partnering with Payrails empowers us to activate all of our key payment objectives for the business across our top priority markets. Together, we are driving tech innovation in the mobility industry and unlocking new opportunities for drivers and consumers alike”.
Also Read: A Guide To Digital Payment Methods In The Middle East
Orkhan Abdullayev, Co-Founder and CEO of Payrails echoed this sentiment, remarking, “Collaborating with inDrive to revolutionize global payment processing underscores our commitment to providing innovative solutions in the MENA region and beyond that address the evolving needs of large enterprises. Our aim is to set new benchmarks of excellence for payment solutions across key industries worldwide”.
Through the collaboration, inDrive can now access and automate the optimal payment routes in each market at the lowest cost, driving efficiency and profitability in a highly competitive sector.
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Google To Launch AI Hub In Saudi Arabia, Aiming For $71B GDP Boost
The tech giant also plans to develop local AI solutions, and train regional talent to foster innovation and entrepreneurship.
Google has announced plans to set up a cutting-edge artificial intelligence (AI) hub in Saudi Arabia, a move aimed at accelerating technological growth and economic development across the wider gulf region. The ambitious project aligns with Saudi Arabia’s Vision 2030, an initiative that champions technology and innovation as central to economic diversification away from the oil industry.
According to Google, the hub has the potential to contribute as much as $71 billion to Saudi Arabia’s economy. The initiative will likely speed up the adoption of AI across industries such as healthcare, retail, and financial services — not only within Saudi Arabia but also throughout the wider MENA region and beyond.
Yasir Al Rumayyan, Governor of Saudi Arabia’s Public Investment Fund (PIF), highlighted the importance of the project for the Kingdom: “This partnership demonstrates PIF’s dedication to fostering an AI-friendly environment through investments in human capital and technology, upskilling thousands with cutting-edge tools to support our sustainable and innovative infrastructure goals,” he explained. Al Rumayyan also emphasized that Saudi Arabia’s combination of sector knowledge and long-term investment strategies makes it an ideal environment for global technology partnerships.
Also Read: Top Free AI Chatbots Available In The Middle East
A central aim of Google’s initiative is nurturing local talent. The AI hub will offer a range of training, research, and collaboration opportunities for developers, researchers, and entrepreneurs within Saudi Arabia. Google envisions training “millions” of people, helping to create a robust innovation ecosystem that supports entrepreneurship and ensures economic benefits reach all segments of society.
As international technology giants increasingly look to develop solutions tailored to regional needs, Google’s initiative reflects a progressive approach that leverages the strengths of local markets. With the potential to inject billions into the economy and strengthen digital capacities, Saudi Arabia could soon emerge as a prominent center for AI innovation in the Middle East.
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