Saudi Arabia Nears a Cashless Future 🇸🇦
Saudi Arabia is rapidly transforming its financial landscape — 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. 🚀
Key drivers of this progress include:
• Over 200 fintech companies now operating in the Kingdom 🌐
• Rapid adoption of digital wallets & contactless payments 📲
• National e-payment network Mada & Mada Ather service 💳
• Participation in the mBridge CBDC project 🏦
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