Visa hosts local cloud in Saudi Arabia for faster payments

Visa, a global leader in digital payments, today announced that the Visa Acceptance Platform is now hosted on local cloud in Saudi Arabia — a world‑first implementation by Visa — in alignment with the Saudi Central Bank “SAMA” mandate.

Visa, a global leader in digital payments, today announced that the Visa Acceptance Platform is now hosted on local cloud in Saudi Arabia — a world‑first implementation by Visa — in alignment with the Saudi Central Bank “SAMA” mandate.

++ Google Pay Debuts in Saudi Arabia Through SAMA’s National Payment System ++ The Saudi Central Bank – SAMA has announced the launch of Google Pay, one of Google’s products, through the national payment system (mada) in Saudi Arabia, unveiled during the Money20/20 Middle East Conference and Exhibition at the Riyadh Exhibition & Convention Center in Malham. This initiative is part of SAMA’s ongoing efforts to enhance the digital payments ecosystem in Saudi Arabia in line with the objectives of the Financial Sector Development Program, a key pillar of Saudi Vision 2030. It also reflects SAMA’s commitment to developing a robust digital payments infrastructure for transformation into a less cash-dependent society by providing advanced digital payment solutions that align with international standards. The Google Pay service provides an advanced and secure payments experience, enabling users to conveniently provision and manage their mada cards and credit cards within the Google Wallet application. 📌 Full story on TechAfrica News: 🔗 https://lnkd.in/dxxuacVJ #TechAfricaNews #GooglePay #SaudiArabia #Mada #SAMA #DigitalPayments #FinancialInclusion #DigitalWallet

The National Payments Corporation of India (NPCI) handles almost half of the world’s digital transactions, primarily through its Unified Payments Interface (UPI) platform, and its reach continues to expand. According to India Today, there were just over 20 billion UPI transactions in August alone—far surpassing Brazil’s formidable real-time payments system, Pix, which processed roughly 6 billion monthly transactions last year. Overall, UPI now handles more daily transactions than Visa’s global network and China’s Alipay super app. Read more: https://ow.ly/2UAv50X29wY #Payments #UPI #RealTimePayments #DigitalPayments #FintechInnovation #FutureOfFinance #GlobalPayments

Visa Acceptance Platform is now hosted on local cloud in Saudi Arabia — a world‑first implementation by Visa — in alignment with the Saudi Central Bank “SAMA” mandate. https://lnkd.in/giYtUTEb

Cross-border payments have 𝘢𝘭𝘸𝘢𝘺𝘴 been the messy middle of global finance—high friction, high cost, low trust. The Ooredoo–PayPal collaboration matters because it is not just another wallet tie-up, it is infrastructure-level interoperability connecting billions of consumers and businesses. Think less about “a new way to pay” and more about rewriting the rails for digital money movement. For finance leaders, that means faster liquidity flows, new merchant access, and fewer walls between domestic and global commerce. In short: what Swift was to banks, this could be to wallets—only faster, leaner, and born in the digital age.

Google Pay has officially launched in Saudi Arabia 🇸🇦 Integration is enabled through mada, the national payment system. At launch, it’s supported by Al Rajhi Bank and Riyad Bank. More banks to follow. Users can add mada cards, Visa, and Mastercard to make contactless payments in-store, and soon in apps and online. Security is handled through tokenization, with device-specific virtual card numbers and dynamic security codes. Saudi Arabia already has one of the fastest-growing digital payments ecosystems in MENA, with regulators pushing for >70% non-cash transactions by 2030. This puts pressure on local banks and fintechs to keep wallets at the center of the customer relationship.

Mambu + Visa fuel BUUT’s Gen Z banking journey Powered by Mambu’s composable cloud banking platform, BUUT offers a Dutch IBAN, savings and budgeting tools, payments, and cards—all within a single mobile app. Mambu enables seamless core services and scalability, helping BUUT deliver a digital-first banking experience. On the payments side, Visa and Pismo partnered with ABN AMRO Bank N.V. to launch BUUT’s debit card in only 10 weeks. Pismo’s cloud-native platform enabled fintech-speed development, while Visa provided value-added services to ensure agility, security, and customer focus. Together, these collaborations show how established banks can combine deep customer expertise with modern, API-driven technology to meet the needs of Gen Z and Alpha—building what Hein Ter Braak, Head of BUUT, calls “the most financially healthy generation ever.” Sources👇 BUUT & Mambu: https://lnkd.in/eFdkFjU7 BUUT & Visa: https://lnkd.in/efUgwm3P This and more in the newsletter! Sign up here: https://lnkd.in/ecvqiKBY

Paymentology, the global payment processor, and Enjaz Payment Services Co. (انجاز | Enjaz), a leading provider of digital financial solutions in Saudi Arabia, are proud to announce the signing of a strategic Memorandum of Understanding (MOU). The partnership aims to leverage Paymentology's cutting-edge payment processing technology and انجاز | Enjaz's extensive local market expertise and robust network. The integration of these capabilities will facilitate the development and deployment of innovative payment products and services. The new suite of products and services resulting from this partnership will include enhanced digital wallets, instant payment solutions, and an advanced payment infrastructure. Both companies are committed to working closely with regulators to ensure all new services comply with the highest standards of security and consumer protection. Read more here - https://lnkd.in/gkQ6r94u #Paymentology #Enjaz #DigitalPayments #SaudiArabia #Fintech #FinancialServices #MOU #Vision2030 #Partnership

BenefitPay users in Bahrain can now enjoy tap-to-pay purchases with greater peace of mind, after BENEFIT, the Kingdom’s leading fintech company, secured a global certification for its Tap and Go service. The company has officially been awarded the Payment Card Industry Token Service Provider (PCI TSP) certification. This internationally recognized standard ensures that whenever customers tap their phones to pay, their card details are never shared with the store or payment terminal. Instead, the information is replaced with secure digital tokens that cannot be misused. 🔗 www.newsofbahrain.com #NewsofBahrain #News #Bahrain #NOBDigital