E-payment share in retail sector exceeds target as KSA pushes for cashless economy

RIYADH: The use of the electronic mode of payments continues to accelerate in Saudi Arabia, with the retail sector surpassing the 60 percent target set by the Financial Sector Development Program, as the Kingdom moves toward a cashless economy. Last year, the share of e-payments in the Kingdom’s retail sector reached 62 percent of aggregate payments, including cash, revealed

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