Saudi Arabia reports ‘phenomenal’ increase in NFC mobile payments
NFC mobile payments accounted for 25% of overall POS transaction volumes in Saudi Arabia in September, Saudi Payments reports.
Overall, consumers in Saudi Arabia made more than 266m contactless payments, worth a total of SAR27.5bn (US$7.32bn).
The number of mada contactless payments cards in circulation in the country has also now topped 22m, the Saudi national payment infrastructure operator adds.
Overall, consumers in Saudi Arabia made more than 266m contactless payments, worth a total of SAR27.5bn (US$7.32bn).
The number of mada contactless payments cards in circulation in the country has also now topped 22m, the Saudi national payment infrastructure operator adds.
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