Saudi Arabia to soon launch Samsung Pay service

To expand the use of digital payments and offer more choices to consumers, the Saudi Central Bank (SAMA) has signed an agreement with Samsung to enable the launch of “Samsung Pay” across the Kingdom during the fourth quarter (Q4) of 2024.

The agreement was signed



on the sidelines of the 24 Fintech 2024 Conference held in Riyadh.

The step is part of SAMA’s ongoing efforts to improve digital payment in Saudi Arabia, in line with the objectives of the Financial Sector Development Program, a key initiative of Saudi Vision 2030.