Table: Contactless payment transaction limit increases around the world
Updated 7 April: Countries around the world are increasing the contactless transaction limit in a bid to combat the spread of Covid-19... More
Saudi Arabia
Saudi Arabia triples contactless card transaction limit
The Saudi Arabian Monetary Authority (SAMA) has increased the purchase limit for Atheer contactless domestic debit card transactions from SAR 100 (US$26.61) to SAR 300 (US$79.84), in a bid to reduce the spread of novel coronavirus... More
Saudi Arabia combines NFC, QR and faster payments to speed move to cashless society
Saudi Payments, Saudi Arabia’s national payments infrastructure operator, is to use a combination of NFC and contactless payments, a new faster payments system and the introduction of a common QR code platform to reduce the use of cash and speed up its move towards a cashless society, managing director Ziad Al Yousef has told NFCW... More
Saudi banks pilot blockchain-based cardless ATM withdrawals
Saudi banks trial blockchain-based identity technology at ATMs — Computer Weekly — “The Saudi Arabian trial will enable local consumers to use their faces and blockchain-based apps to withdraw money from cashpoint machines instead of PINs. The ID authentication prototype, currently under test, can communicate across banks and uses blockchain to confirm an individual’s identity without accessing the bank’s database.”
Apple Pay goes live in 13 new European countries
Apple Pay is now live in Bulgaria, Croatia, Cyprus, Estonia, Greece, Latvia, Liechtenstein, Lithuania, Malta, Portugal, Romania, Slovakia and Slovenia... More
Visa offers free upgrades to Apple Pay users in UAE and Saudi Arabia
Visa partners with Starbucks & Hardee’s to help promote the use of Apple Pay in KSA and UAE — MenaFN — “The promotion with Starbucks will allow Visa cardholders to upgrade the size of their latte, cappuccino or americano beverages if they pay through Apple Pay… The Hardee’s promotion will allow Visa cardholders to receive a free dessert when they buy any large meal of their choice using Visa with Apple Pay.”
Apple Pay goes live in Saudi Arabia and Czech Republic
Apple Pay rolling out in Czech Republic and Saudi Arabia — MacRumors — “In Czech Republic, users have so far reported successfully adding cards to their mobile wallets from Air Bank, Moneta Money Bank, Ceska Sporitelna, and payments company Twisto. .. In Saudi Arabia, Apple’s regional Apple Pay website has gone live and lists Visa and Mastercard support for Al Rajhi Bank, NCB, Mada, Riyad Bank, Alinma Bank, and Bank Aljazira.”
Apple Pay to go live in Saudi Arabia this week?
Apple Pay said to be coming to Saudi Arabia this week — Arabian Business — “Advertisements from Saudi Arabia-based Al Rajhi Bank noted that Apple Pay will launch in the kingdom on February 19 — the same day that it has been rumoured that the service will launch in the Czech Republic. In October, Apple said that Apply Pay was ‘coming soon’ to Saudi Arabia.”
Saudi Arabia and UAE to develop joint digital currency
UAE and Saudi Arabia announce launch of common digital currency ‘Aber’ — Emirates 24/7 — “The United Arab Emirates Central Bank (UAECB) and the Saudi Arabian Monetary Authority (SAMA) today announced in a joint statement the launch of the common digital currency project ‘Aber’, which will be used in financial settlements between the two countries through blockchains and distributed ledgers technologies.”
Apple Pay to launch in Saudi Arabia ‘soon’
Apple Pay is ‘Coming Soon’ in Saudi Arabia according to Apple — The Apple Post — “Apple has announced within an update to its website on Friday that Apple Pay is ‘coming soon’ in Saudi Arabia. The Saudi Payments Network (Mada), a major payment system in Saudi Arabia, has also confirmed that it will soon introduce support for Apple Pay.”
NFC mobile payments roll out in Saudi Arabia
Visa and Saudi Mada partner to launch new mobile-based application, Mada Pay — Zawya — “Mada Pay is an Android-based mobile application that enables cardholders to make fast, easy and secure contactless mobile payments at NFC-enabled merchants throughout Saudi and abroad with KSA [Kingdom of Saudi Arabia]-issued Visa cards (credit and prepaid). Visa and Mada co-badged (debit and prepaid) cards can also be used with Mada Pay.”
Google unveils Android Wear 2.0 and new watch with support for NFC mobile payments
Google has officially unveiled Android Wear 2.0, the new version of its operating system for smartwatches, and two new watches from LG — one of which comes with NFC to support HCE mobile payments using Android Pay... More
PayPal launches Siri payment requests in 30 countries
PayPal has enabled money transfers via Apple’s Siri voice command function, enabling users with iOS10 devices to make payments by speaking requests... More
Riyad Bank goes contactless with Gemalto
PARTNER NEWS: Saudi Arabia’s Riyad Bank is migrating its entire portfolio to digital security giant Gemalto’s Clarista Contactless EMV card — powered by the industry-standard Multos operating system — making it the country’s first contactless payment method... More
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