Connecting the dots in payments...’s Post

The largest expenditures were on beverages/food and restaurants/cafes, with notable growth in miscellaneous goods/services, utilities, hotels, and jewelry. Riyadh dominated POS transactions at 34%. 𝗦𝗮𝘂𝗱𝗶 𝗩𝗶𝘀𝗶𝗼𝗻 𝟮𝟬𝟯𝟬 𝗮𝗶𝗺𝘀 𝗳𝗼𝗿 𝗮 𝟳𝟬% 𝗻𝗼𝗻-𝗰𝗮𝘀𝗵 𝘁𝗿𝗮𝗻𝘀𝗮𝗰𝘁𝗶𝗼𝗻 𝗿𝗮𝘁𝗲 𝗯𝘆 𝟮𝟬𝟯𝟬, 𝗳𝗼𝘀𝘁𝗲𝗿𝗶𝗻𝗴 𝗳𝗶𝗻𝘁𝗲𝗰𝗵 𝗲𝘅𝗽𝗮𝗻𝘀𝗶𝗼𝗻. 📈 Read more 👉 https://arab.news/nfdaf 🤝Collaborations between international payment providers like Mastercard and local fintech firms such as Loop indicate the potential for partnerships and alliances that can drive business growth and innovation in the Saudi market. Overall, the trends in POS payments and the broader digital transformation initiatives in Saudi Arabia present significant opportunities for businesses to adapt, innovate, and thrive in an increasingly digital and consumer-driven economy. 🌎💯 #SafariStar #SaudiDigitalEconomy #TechDrivenFuture #FintechSaudiArabia #DigitalPaymentsKSA #SaudiBusinessGrowth

NRIs, Indian tourists can now make QR code-based UPI payments in UAE NPCI International Payments Ltd (NIPL) has entered into a strategic partnership with Network International to introduce QR code-based Unified Payments Interface (UPI) payments in the UAE. This collaboration is aimed at enhancing the payment experience for Indian tourists and Non-Resident Indians (NRIs) visiting the UAE, providing them with a seamless and secure method to make transactions using UPI, as announced by NPCI International. By enabling UPI acceptance through its POS terminals, Network International is providing a secure and efficient QR-based method for facilitating cross-border payments. This initiative underscores the commitment of both organizations to leveraging technology for enhancing financial inclusivity and convenience for users. Indian tourists and NRIs with Indian bank accounts will benefit from this development, as they will be able to use UPI for transactions across Network International’s extensive POS. terminal network in the UAE.

I recently attended Seamless Saudi Arabia 2023. THE FUTURE OF RETAIL, E-COMMERCE, PAYMENTS & FINTECH ACROSS SAUDI ARABIA I was particularly interested in the sessions on the future of retail, e-commerce, and home delivery. It was clear that the pandemic has accelerated the shift to online shopping, and businesses are now looking for new ways to meet the needs of their customers. It was a great opportunity to network with industry leaders, learn about the latest trends, and gain insights into the future of industries. It's a great event for anyone who wants to stay ahead of the curve. #seamlesssaudiarabia #payments #fintech #retail #ecommerce #homedelivery #digitalmarketing

✅ NEWSLETTER : Jaywan Card Launch: A Step Towards a Cashless UAE ✅ UAE's financial landscape is set to be transformed with the introduction of the Jaywan card, the nation's first domestic payment card scheme, launched by Al Etihad Payments. This innovative card is designed to promote financial inclusion, reduce transaction costs, and support the growth of digital transactions across the UAE. With universal acceptance at all ATMs and POS devices across GCC, enhanced security features, and exclusive discounts on remittances and merchant purchases, the Jaywan card is a significant step towards a cashless, digitally empowered economy. ✅ Inside the issue : ✅ Introduction ✅ Eligibility ✅ Benefits ✅ Key Points on the Jaywan Debit Card and Its Global Reach ✅ Purpose of Jaywan card Dr. Abhishek Jajoo Komal Dhoot Vivek Mundhra CA Gaurav B. Alok Bishnoi Muhammad Altaf Hussain Ajit Jain

Saudi e-commerce surges with 2.6M daily shoppers, up 90% in 4 years. MENA 2024 report by Checkout.com & YouGov shows 54% expect more online activity. Cashless transactions rise, and cash on delivery is down to 20%. #SaudiEcommerce #MENA2024 #CashlessTransactions

At Seamless Saudi Arabia 2023, Remo Giovanni Abbondandolo, general manager for MENA at Checkout.com, shares with Economy Middle East the company’s perspective on the growth of e-commerce in the Kingdom and discusses the driving trends in the market such as digital wallets, and fintech companies. He also explains the measures adopted by checkout.com to remedy the worries of security by inhouse flaw detection tools. #EconomyMiddleEast #SaudiArabia #seamlessksa #seamless #SeamlessSaudiArabia2023 #KSA #Checkout #ecommerce #ecommercebusiness #kingdomofsaudiarabia #Saudi #Economy #DigitalEconomy #Finance #trends #security Seamless Middle East & Saudi Arabia

National Payments Corporation Of India (NPCI) is spreading its wings fast in #UAE 🚀🚀🚀 Network International (Network), the leading enabler of digital commerce across the Middle East and Africa (MEA) region, in partnership with NPCI International Payments Ltd. (NIPL), has enabled the acceptance of QR code-based Unified Payments Interface (UPI) payments across Network’s point-of-sale (POS) terminals in the UAE. The initiative will facilitate seamless transactions for Indian tourists across Network International’s vast merchant network in the UAE. Network has over 200,000 POS terminals across 60,000+ merchants in sectors including retail, hospitality, transport, and supermarkets among others. UPI acceptance will be rolled out progressively, covering a wide range of establishments from retail stores and dining outlets, as well as tourist and leisure attractions including Dubai Mall and Mall of the Emirates. The collaboration between Network and NIPL, the international arm of National Payments Corporation of India (NPCI), aligns with the UAE’s vision to strengthen its position as one of the world’s most popular tourist destinations and a global hub for commerce and businesses. The number of Indian tourists travelling to the Gulf Cooperation Council (GCC) countries is projected to reach 9.8 million in 2024, with the UAE anticipating 5.29 million arrivals from India. This growth is driven by various factors including business, place of work and leisure travel. 1 UPI is India’s largest instant payments system with over 350 million active users, and it processed 14.04 billion transactions in May 2024 alone. By enabling UPI acceptance through its POS terminals, Network will provide a QR-based safe and secure method for facilitating cross-border payments. This will allow Indian tourists and NRIs with Indian bank accounts to use UPI for payments across Network’s POS terminals in the UAE. https://lnkd.in/divXgTm7

NPCI International Payments Limited, in partnership with Network International, has enabled the acceptance of UPI payments at Network's POS terminals in the UAE. This collaboration ensures seamless transactions for Indian tourists and NRIs using UPI powered apps at popular destinations such as Dubai Mall and Mall of the Emirates, solidifying our determination to provide a familiar and secure payment experience. The acceptance of UPI payments, being progressively enabled at Network's over 2 lakh POS terminals across 60,000+ vast merchant network alongside other existing merchants in the UAE, exemplifies our commitment to building a more interconnected global payment ecosystem. Read more about the partnership here: https://twtr.to/zj7mN National Payments Corporation Of India (NPCI) | Network International | Reserve Bank of India (RBI) | Embassy of India, Abu Dhabi, UAE Ritesh Shukla | Anubhav Sharma | Dr. Kishan Srinivas | Asmin Ronald | Nandan Mer | Pankaj Kundra | Jamal Alnassai | Ankit Jain | Sunjay Sudhir #NIPL #NPCI #UPI #UPIGLOBAL #UPIINTERNATIONAL #NETWORKINTERNATIONAL #DIGITALPAYMENTS #DIGITALINNOVATION

Embark on an insightful exploration of Thai cardmember trends with JCB! Discover notable statistics, such as 92% of Thai cardmembers utilising their JCB Card for physical retail spend in the past year, and 90% for ecommerce retail spend. Experience first hand why a significant number of Thai cardmembers regard JCB as a trustworthy and convenient payments brand. #BetterWithOmotenashi #JCBCard #Insights #Payments #Thailand

National Payments Corporation Of India (NPCI) International Payments Ltd has partnered with Dubai-based Network International. This collaboration aims to introduce Unified Payments Interface (UPI) solutions across Network International’s extensive network, encompassing over 200,000 POS terminals and 60,000 merchants throughout the UAE. The initiative, centered on QR code-based UPI payments, seeks to streamline transactions at retail stores, dining venues, and popular tourist destinations like Dubai Mall and Mall of the Emirates. Ritesh Shukla, CEO of NPCI International, expressed optimism about expanding UPI adoption in the UAE market, emphasizing the partnership's role in promoting seamless and innovative digital payment solutions globally. #NPCIInternational #NetworkInternational #UPIPayments #DigitalPayments #UAE #IndianTourism #FinancialInclusivity #QRPayments #GlobalPayments #startup77