Visa has made Apple Pay available to its cardholders in Saudi Arabia. Apple Pay allows prepaid, debit and credit cardholders to make easy, quick and secure purchases using their iPhone and Apple Watch in stores that accept contactless payments. Visa cardholders can also make payments with Apple Pay in-app or on the web.
Apple Pay will allow Visa cardholders across the Kingdom to make payments using their Apple devices while ensuring that their financial details are private and secure. Security and privacy are at the core of Apple Pay. When a credit or debit card is used with Apple Pay, the actual card numbers are not stored on the device, nor on Apple servers. Instead, a unique Device Account Number is assigned, encrypted and securely stored in the Secure Element on the user’s device. Each transaction is authorised with a one-time unique dynamic security code.
“Mobile payments are becoming an ever-present part of consumers’ lives. In today’s world, people expect speed and convenience without security being compromised — an approach that Visa embodies,” says Ali Bailoun, Visa’s general manager for Kingdom of Saudi Arabia. “As a country filled with tech-savvy, mobile-first consumers, we are delighted to work with Saudi Payments and our bank partners to help bring Apple Pay to Visa cardholders here, making their payments experience easier, faster and more secure than ever before. This launch also aligns with one of the goals of Vision 2030 of creating a cashless society, and we enthusiastically welcome Apple Pay to the market and are excited to help Saudi Arabia usher in this new era of payments.”
According to “Contactless & ‘the Pays’: the catalyst for digital payments growth,” research by Visa Consulting and Analytics, millennials account for 40% of the Kingdom’s population, with smartphone penetration levels reaching nearly 74% overall. There is a desire to try new solutions, with 80% of respondents stating that they have performed a contactless transaction and were open to do so again.
Sustainable coffee movement continues to gain momentum
With coffee being a preferred beverage, the GCC coffee industry has seen
October 30, 2023 | By RetailME Bureau
Five trends to dominate the UAE coffee landscape
The branded coffee shop market segment in the Middle East is set
October 13, 2023 | By Rupkatha BCinema Akil’s seasonal outdoor outpost pops up at 25hours Hotel Dubai One Central
Dubai’s preloved clothing brand pledges 100% profits to emergency aid relief in Palestine
/ 
Carrefour, operated by Majid Al Futtaim in the UAE, has set up
GMG’s Everyday Goods – Retail division is now expanding into the country’s
Following a partnership deal between food and grocery retailer Spinneys Dubai and
A regional food and beverage (F&B) major Agthia Group PJSC has signed
Amid constraints of current inflationary pressures leading to significant price hikes averaging
Global heavyweights from around the world are confirming their participation at InFlavour,
Coffee Planet has unveiled a new brand identity to reinforce its position
Dubai-based consumer cooperative brand Union Coop has signed a memorandum of understanding
/ 
Dubai’s independent arthouse Cinema Akil has revealed the opening of its seasonal
The Kingdom of Saudi Arabia (KSA) has been elected by the Member
The Saudi Entertainment Ventures (SEVEN), a wholly owned subsidiary of the Public
GMG’s Everyday Goods – Retail division is now expanding into the country’s
Luxury retailer Chalhoub Group has launched ‘The Visitor’, a new travel retail
The countdown begins for the 27th edition of the region’s largest international
The retail landscape is experiencing a profound transformation, driven by the sweeping
With the UAE’s retail market continuing on a strong growth trajectory, Nanán—an international
Brands For Less Group announces the forthcoming launch of its first Brands For
1930s ushered in the era of neighbourhood shopping malls or community shopping
Being Human Clothing was founded in 2012 to further the objective of
Owned and operated by Al Ghurair Properties, GLITCH is ready to take
Previous Article
