News

Saudi Aviation Sector Embraces Tech To Meet Vision 2030 Goals

The kingdom aims to become a global logistics hub and attract 100 million tourists by 2030.

Published

2 years ago

May 30, 2023

saudi aviation sector embraces tech to meet vision 2030 goals

Saudi Arabia is rapidly becoming a highly sought-after tourist destination, and in response to growing demand, the aviation industry requires year-on-year development on an increasingly large scale. As aviation is one of the most environmentally damaging sectors, mitigating harmful emissions is crucial to helping the Kingdom meet its ambitious Vision 2030 goals.

According to a recent report by the King Abdullah Petroleum Studies and Research Center, developing modern, high-tech aviation technologies could enhance Saudi Arabia’s aviation sector and simultaneously meet the requirements of growing volumes of tourists.

Co-author of the report, Abdulrahman Alwosheel, noted that Saudi Arabia enjoys a “strategic geopolitical position” and is a key location that connects the Asia-Pacific region to Europe and America. Developing this logistics hub is a critical component of the Vision 2030 roadmap.

Also Read: Tech Firms Form Partnership To Boost UAE’s Space Program

The National Tourism Strategy of Saudi Arabia plans to attract 100 million visitors by 2030, which could account for up to 10% of the Kingdom’s GDP. Meeting these lofty goals will require significant infrastructure improvements, as well as large-scale investment in innovative new technology and a highly-skilled workforce.

News

Stake Powers Instant Payouts With Checkout.com Pay To Card

The new feature lets investors in the UAE, KSA, and UK receive real estate returns in minutes — cutting withdrawal times to under 10 minutes.

Published

2 days ago

June 19, 2025

Nour Nasir

stake powers instant payouts with checkout.com pay to card

Stake, a leading digital real estate investment platform, has unveiled Pay to Card, a next-generation withdrawal feature built on Checkout.com’s global payment infrastructure. The integration enables investors to have dividends and returns credited directly to their bank cards — often within minutes — dramatically reducing the traditional multi-day payout process.

After a successful pilot in May involving over 200 users, some investors reported receiving their funds in under 10 minutes. Ricardo Brizido, CPTO and Co-Founder of Stake, emphasized the importance of speed and reliability: “With Pay to Card, we’re eliminating unnecessary delays and putting returns in our investors’ hands almost instantly. This feature was built to directly solve one of the most common pain points in real estate investing, and it’s already driving strong results”.

The feature launch coincides with rapid growth in real-time finance across the Middle East. Checkout.com’s “State of Digital Commerce in MENA 2025” report highlights a 388% year-on-year surge in Account Funding Transactions (AFTs) in the UAE, reflecting strong demand for immediate payout solutions. The same study recorded a 176% increase in total processing volume from 2023 to 2024 and noted that daily online transactions have jumped 320% since 2020.

Since its 2021 debut, Stake has facilitated over AED 1 billion in property transactions, advancing its mission to democratize real estate investment in high-growth markets. By integrating Pay to Card, Stake reinforces its commitment to customer-centric innovation and operational transparency.

Also Read: Binance Enters Syrian Market As Sanctions Lifted

Remo Giovanni Abbondandolo, General Manager for MENA at Checkout.com, praised the collaboration: “Stake has always led with customer-first financial experiences. Together, we’re meeting the expectations of a region that is no longer just digital-first, but real-time-first. Pay to Card exemplifies how modern payment infrastructure can directly solve investor pain points”.

Pay to Card is now available to all Stake users in the United Arab Emirates, the Kingdom of Saudi Arabia, and the United Kingdom. By slashing withdrawal times from days to minutes, Stake and Checkout.com are setting a new standard for seamless, on-demand real estate investing.