Arab Reinsurance Company: a new dimension
Home   |   Sitemap   |   Contact us
Follow us on
Is Climate Litigation Covered by Insurance? - Social Inflation or Science: What Is Fueling Climate Litigation? - Fortegra Europe Opens Branch in Czech Republic - Vantage launches Construction and Political risk business - UK Insurers Cautiously Willing to Underwrite Fire Safety Risks - Insurtech Foxquilt Raises $8M to Expand Small Business Offering in U.S. and Canada - Speciality Re/Insurer Convex Launches European Subsidiary With A- Rating From S&P - Debt surge in emerging markets may hurt insurance outlook: Swiss Re - Zurich Insurance Weighs Selling Some Australian Non-Core Assets - Reinsurers Face Major Claims Uncertainties, but Reap Benefits of Pricing Tailwinds - Corvus, SiriusPoint announce investment & underwriting capacity partnership - Munich Re backs energy storage systems provider ESS - Climate Change Could Force 200 Million People to Leave Their Homes by 2050 - Work of the scientific community and re/insurers needed to assess climate change: Lloyd’s - Gallagher Re Touts Advanced Integrated Reinsurance Analytics Platform - London Financial Employees Return to Offices Despite Rising Virus Cases - P/C Reinsurers Maintain Underwriting Discipline, Despite Rising Capacity: Guy Carpenter - Britain Looks to Revisit Data Privacy Regulations - WTW, Applied Systems target real-time pricing enhancements - Reinsurance environment “most attractive in a decade”: SCOR’s Launay - Willis Towers Watson’s New CEO Says It Has $5 Billion for Possible Acquisitions - Lloyd’s Reports H1 2021 Profit of £1.4B ($1.9B), with 92.2% Combined Ratio - Global Reinsurers Shoulder ‘Considerable Burden’ of COVID-19 Claims - “Inflation is the enemy of the re/insurance industry,” says Swiss Re CFO Léger - Global Reinsurance Rates, Demand to Continue Rising in 2022: Moody’s - Prudential’s Michael Koller joins MS Amlin as Chief Risk Officer - Rates need to and will harden further: Swiss Re CEO Mumenthaler - Russia’s Renaissance Insurance Plans $1 Billion IPO in Moscow: Reuters
Search Search
World News & Events
Enlarge Font Minimize Font

Saudi POS urged to use e-payments before August 2020

Saturday, 07 13 2019, Category: Technology, Country: Saudi Arabia
Saudi Arabia’s points of sale (POS) will officially start using e-payment options in all business segments as of August 25, 2020, according to the Commercial Anti-Concealment National Program’s official account on Twitter.

The Anti-Concealment National Program mapped out a six-phase plan for all POSs to gradually deploy the e-payment options as of next Sunday.

Petrol stations in Saudi Arabia will start using e-payment options as of July 17, 2019, Argaam previously reported.

In February, Saudi Arabia plans to achieve an e-payment target of 70 percent by 2030, as the country moves toward becoming a cashless society, according to previous news reports.

Last month, Saudi Arabian Monetary Authority (SAMA) granted 14 financial technology (fintech) firms permits to join the Sandbox experimental environment for offering fintech services.


The step aims at promoting economic growth and boosting investment activities by moving into a cashless society and by promoting the principal of financial inclusion.


Source: Argaam
All copyrights reserved, Arab Reinsurance 2016 ©