Saudi Arabia Nears a Cashless Future đžđŠ
Saudi Arabia is rapidly transforming its financial landscape â digital payments now make up 79% of all retail transactions, a huge leap from just 36% in 2019.
This shift is powered by Vision 2030, which targets 80% cashless transactions by 2030. đ
Key drivers of this progress include:
âą Over 200 fintech companies now operating in the Kingdom đ
âą Rapid adoption of digital wallets & contactless payments đČ
âą National e-payment network Mada & Mada Ather service đł
âą Participation in the mBridge CBDC project đŠ
With strong government backing and booming fintech growth, Saudi Arabia is positioning itself as a global leader in digital finance.
Like & Follow for tech, biz, and market light.
#SaudiFintech #CashlessEconomy #Vision2030 #DigitalPayments #FintechInnovation