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Wave Bike Is On A Mission To Improve Beirut Commuting

The Dutch-Lebanese startup offers a pioneering e-bike service that aims to reduce traffic congestion in Lebanon’s busy capital.

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wave bike is on a mission to improve beirut commuting
Wave Bike

Beirut — and Lebanon in general — is a place where cyclists are a comparatively rare site. Dutch entrepreneur Jan Willem de Coo, along with his all-Lebanese team at Wave Bike, aims to change that and, in the process, transform the daily commute for Lebanese workers.

“Cycling is one of the healthiest, most environmentally friendly, and financially accessible modes of city commuting. It is 18 times less polluting than driving a car and offers freedom of movement, reduces stress, and fulfills the daily physical activity required to live a healthy lifestyle,” explains Joyce Hamadeh, head of communications at Wave Bike.

Wave Bike was launched back in 2021, with a $250,000 investment helping the startup tackle Lebanon’s unique traffic dynamics, road systems, and geographic challenges. Now in full operation, Wave Bike’s fleet of 325 bicycles can be hired for as little as $49 per month.

Wave Bike assembles new additions to its fleet using a team of Lebanese mechanics. The bikes are shipped in from Taiwan and are specced with broader tires to navigate poor road surfaces, along with narrow bars for better maneuverability. Meanwhile, electric motors assist communities on inclines, and a handy center stand makes parking straightforward.

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The bikes are offered on a subscription basis, which, according to Joyce Hamze, also includes safety gear: “Wave offers a monthly subscription, meaning every person will receive a bike of his/her own to keep until termination, and it includes maintenance, helmet, and theft insurance”.

Although Wave’s bikes use electric motors, the batteries consume little electricity. They’re also detachable, so can be recharged in a convenient location. Meanwhile, the company also offers an app that allows riders “the chance to discover the friendliest cycling routes while enjoying special features”, including routing, journey tracking, maintenance support, and access to Bike Functions.

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Saudi Digital Payments Reach 80% As Cash Use Shrinks

Visa data shows cards and mobile wallets dominate spending, with smartphones now driving a growing share of daily transactions.

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saudi digital payments reach 80% as cash use shrinks

Digital payments now account for 80% of all transactions in Saudi Arabia, according to Visa’s latest Where Cash Hides report, another marker of how quickly the Kingdom is moving away from cash.

The share is up four percentage points from a year ago. Around 67% of consumers are now largely non-cash users, paying mainly with cards or mobile wallets. Smartphones are taking a bigger role, with mobile payments making up 16% of transactions.

visa where cash hides saudi arabia 2026

Cash is retreating in routine spending. Eating out dropped 9%. Bill payments fell 8%, as shoppers opt for faster checkouts and app-based payments.

“The data shows a steady move toward digital payments in Saudi Arabia. Such progress is possible only because banks, fintechs, merchants, and technology partners are moving together in the same direction, in line with the Kingdom’s Vision 2030,” said Ali Bailoun, Visa’s Senior Vice President and Group Country Manager for Saudi Arabia, Bahrain, and Oman.

Also Read: UAE Users Sleep Less, But More Efficiently, ŌURA Data Reveals

Despite the recent findings, it’s important to note that cash hasn’t yet disappeared. It still shows up for tips (39%), peer-to-peer transfers (28%) and rent (14%).

Visa points to security features such as tokenization, along with rewards and cashback, as factors nudging more spending onto cards and phones — a shift that tracks with Saudi Arabia’s wider Vision 2030 push to digitize commerce.

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