Saudi Arabia Central Bank to launch 24/7 instant payments for future Cashless system - Arab News

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Published: Thursday, 11 February 2021  ·  Source: ARAB NEWS
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Link: https://www.arabnews.com/node/1807766/business-economy
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Saudi Central Bank to launch new 24/7 instant payments system | Arab News

RIYADH: The Saudi Central Bank (SAMA) on Thursday announced the launch date for a new electronic instant payments system designed to make the Kingdom less dependent on cash. Following the successful completion of trials, the digital transactions scheme will be activated with participating banks on Feb. 21, according to Asharq Business. SAMA will supervise the new system which, it said, would contribute to the country’s economic development by increasing the speed and efficiency of financial transactions in the corporate and retail sectors.

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News on 'Cashless'

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Saudi Arabia Central Bank to launch 24/7 instant payments for future Cashless system   | Arab News
11 Feb 2021   |   1144 views · 20 mins ago
China to launch official CBDC digital currency in drive to Cashless society   | Economist
17 Nov 2020   |   921 views · 34 mins ago
China, Shenzhen trials digital currency, in move towards a Cashless society   | BBC News
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Cashless Dystopia: Pay With Your Face In California, USA   | Activist Post
29 Aug 2020   |   1086 views · 10 hrs ago
Australia's big four banks remove ATMs and shut down branches in move towards cashless society   | MSN
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Australia could be Cashless in two years   | ABC
08 Jun 2020   |   1144 views · 2 mins ago
Coronavirus & The War On Cash: Push For Cashless Society   | ZeroHedge
14 Apr 2020   |   1408 views · 16 hrs ago
Coronavirus, Australia: Fear of contaminated money push Cashless payments   | The Guardian
08 Apr 2020   |   1224 views · 1 day ago
Cash usage drops 50% in UK due to Coronavirus. Cashless society coming?   | Altfi
26 Mar 2020   |   1239 views · 22 hrs ago
The China That Emerges After Coronavirus Will Be A Cashless Society   | TWA
20 Feb 2020   |   1326 views · 22 hrs ago


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