Browsing: transactions

Deal aims to provide travelers with benefits such as card acceptance, alternative payment options, and enhanced features

Saudi Arabia’s point-of-sale transactions dipped to SR11.6 billion ($3.09 billion) between Aug. 18 and 24, reflecting a 14.1 percent decrease from the previous week, official data showed.

RIYADH: Saudi Arabia’s e-commerce sales via Mada cards saw an annual rise of 13 percent in June to reach SR15.14 billion ($4.04 billion).

The monthly turnover of transactions in Sberbank made with the use of biometric data reached one billion rubles ($11.5 mln), Senior Vice President of Sber Dmitry Malykh told reporters.

The United Kingdom extended until October 12 the license making possible to perform transactions related to the National Settlement Depository (NSD) of Russia.

The decision to switch mostly to rubles and yuan was “timely” and has led to a strong boost in trade, the president says

Up to half of transactions between Russia and China are facilitated by means of intermediaries to avoid exposure by Chinese lenders to the risk of secondary sanctions, Reuters reported on Friday, citing trade consultants and bankers, as well as importers and exporters.

RIYADH: The share of retail consumer electronic payments in Saudi Arabia surged to 70 percent of total transactions in 2023, up from 62 percent in the previous year, official data showed.   

RIYADH: Point-of-sale payments in Saudi Arabia recorded an 11 percent annual increase in January to reach SR53.8 billion ($14.35 billion), the latest data issued by the Saudi Central Bank showed.

Fawry Dahab and PayMe will join forces to enable Egyptian expatriates in the Gulf region and globally to carry out financial transactions and pay bills electronically in the Arab Republic from abroad via the PayMe app