fintech
Partnership will contribute to the digital transformation of financial services in Saudi Arabia, in line with Vision 2030
In 2023 alone, investments in fintech in Saudi Arabia exceeded $790 million, an 8-fold increase from 2021's $91 million
Samsung Pay provides secure payments, letting users manage digital cards in the Samsung Wallet app
By the end of Q2 2024, the number of Fintech companies in the Kingdom reached 224, exceeding the target of 168
Great strides have been made in advancing digital transformation and building a robust payment ecosystem across the region
Agreement to facilitate cross-border mobile payment and trade, empower Saudi businesses
Accelerating innovation, unveiling market trends and crafting business success
Investment funds and funding rounds to support innovation and tech entrepreneurship
LEAP 2024 is set to welcome more than 1,800 global tech exhibitors.
DeFi and sustainable finance gain prominence in the Middle East
Efforts fall under Financial Sector Development Program
SAR5 mn minimum capital requirement
Region is home to 85 million adults with no basic banking access
