RIYADH: Point-of-sale payments in Saudi Arabia recorded an 11 percent annual increase in January to reach SR53.8 billion ($14.35 billion), the latest data issued by the Saudi Central Bank showed. The surge in POS payments reflects the Kingdom’s commitment to digitalization and investments in a tech-driven future. Saudi Arabia is taking several measures to foster … Read more
Doha, Qatar: Qatar Financial Centre Authority (QFCA), the legal and tax arm of the Qatar Financial Centre (QFC), a leading onshore financial and business centre in the region, signed a Memorandum of Understanding (MoU) with MEEZA, the leading provider of managed IT services and solutions in Qatar, to foster sustained growth within country’s tech ecosystem. … Read more
A new study forecasts that the global transaction value processed via SoftPOS will reach $11.8 billion by 2028, up from $1 billion in 2023. Growth will be driven by Apple’s launch of Tap to Pay, coupled with the low cost of acceptance, which will lead to significant small business adoption of SoftPOS – which allows … Read more
