Payments News

On The Web



Riyad Bank to issue contactless bracelets

“Saudi Arabia’s Riyad Bank is getting into the wearables market, launching a contactless bracelet and stickers for cell phones. Fitted with Gemalto’s contactless MiniTag, the bracelets may be linked to the user’s existing debit or credit account as well as to pre-paid accounts for swift tap-and-go shopping on the high street.”

On The Wires



MoneyGram Launches Partnership With Al Rajhi Bank to Transform Saudi Arabia Cross-Border Payments Market

“MoneyGram International, Inc., a global leader in cross-border P2P payments and money transfers, today announced that it has entered into a strategic partnership with Al Rajhi Bank, the largest Islamic bank in the world, and Tahweel Al Rajhi, the remittances arm of Al Rajhi Bank, to provide money transfer services in Saudi Arabia. The partnership covers both […]


Saudi Payments and Discover Sign Network Alliance Agreement

“Discover and Saudi Payments signed a strategic agreement that will increase the global acceptance footprint for both organizations. The agreement will give Discover, Diners Club International, PULSE and network alliance cardholders the ability to use their card on the mada network. This includes at Point-of-Sales (POS), on e-commerce platforms and at ATMs across the Kingdom. […]