Saudi Arabia’s e-commerce records grow by 17.47% in Q2 2024
Saudi Arabia’s Ministry of Commerce has reported a significant 17.47% increase in the issuance of existing commercial records for e-commerce in the Kingdom.
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Tag: KSA
PayTabs, NuMetric partner to enhance online invoicing in Saudi Arabia
Saudi-based payment processing company, PayTabs Group has teamed up with NuMetric to enhance online invoice collection and automation.
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Saudi Arabia card payments market to grow by 7.6% in 2024
GlobalData’s Payment Cards Analytics has revealed that card payment value in Saudi Arabia registered a growth of 17.8% in 2022, followed by 9.7% in 2023 to reach SAR511.5bn ($136.4bn), driven by a rise in consumer spending.
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STC Bank launches in beta in Saudi Arabia
Saudi-based stc pay has received formal approval from the Saudi Central Bank (SAMA) to begin a beta launch of STC Bank.
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Alaan and Visa ink expense management deal for UAE and KSA
Alaan, a UAE-based corporate card solution has inked a 5-year deal with Visa to digitise expense management processes for businesses in UAE and KSA.
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Watch: E-commerce expert Karl Lillrud outlines two key principles for fostering innovation
Seamless Xtra’s Mark Dowdall recently sat down with innovation and e-commerce expert Karl Lillrud to discuss how to move forward with AI and innovation.
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Panda Retail Company taps Revionics’ AI-powered pricing platform in Saudi Arabia
Saudi Arabia’s Panda Retail Company will use Revionics’ intelligent pricing platform as part of plans to adopt a more data-driven approach to its pricing decisions.
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5 buy now, pay later services you may want to tap in Dubai & Saudi Arabia in 2024
Buy now, pay later services have rapidly gained traction in the Middle East in the last 12 months accelerated by a raft of new partnerships and deals. With this trend showing no sign of slowing down, here are four BNPL services you may want to tap in Dubai & Saudi Arabia in 2024.
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Geidea and Giift partner to offer integrated loyalty platform to merchants in Egypt
Fintech company Geidea and Giift, a specialist in loyalty and rewards technology have partnered to offer an integrated digital solution to merchants in Egypt, combining a loyalty program with a widely accessible payment platform.
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Cashback app backed by Mitgo Group launches in the MENA region
A new cashback app backed by a $1.2 million investment from the Mitgo Group, has launched in the Middle East and North Africa (MENA) region as the popularity of cashback services continues to grow.
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BNPL firm Tamara raises $250 million in debt financing
Saudi Arabia-based fintech Tamara has secured up to $250 million in additional debt financing amidst growing popularity for BNPL in the region
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Qarar and Biz2X launch cloud-based SME lending platform in Saudi Arabia
Data analytics and credit decisioning company Qarar and fintech Biz2X are aiming to bridge the financing gap faced by SMEs in Saudi Arabia with a new cloud-based lending platform
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Turkish e-commerce giant Trendyol set to launch Gulf operations
Trendyol has begun initiating operations in both the UAE and Saudi Arabia with plans to reach 4.5 million customers in the region by 2024.
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FAB, Magnati team up with Geidea to boost Saudi digital payments
First Abu Dhabi Bank (FAB) and Magnati have joined forces in a strategic alliance with fintech Geidea to provide digital payment acceptance services for businesses in the Kingdom.
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Saudi Arabia card payments market to grow by 14.6% in 2023, forecasts GlobalData
Saudi Arabia card payments market to grow by 14.6% in 2023, forecasts GlobalData
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Noon launches noon Pay, peer-to-peer payments in the UAE and Saudi Arabia
Noon launches noon Pay, peer-to-peer payments in the UAE and Saudi Arabia
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Qashio to deploy Facephi biometric verification technology in the Middle East
The deal means Facephi will enter the Middle East market for the first time while Qashio’s customers will be able to use its biometrics for digital onboarding and identity verification
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Saudi Central Bank licenses debt-based crowdfunding fintechs
Forus and Tameed were granted licences after successful testing of their services
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