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Press releases

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18/02/2025	Riyadh Season Adds Sparkle to Saudi Economy with 47.6% Surge in International Visitors, Visa Data Shows
27/01/2025	Saudi Arabia moving towards digital payments, yet 22% of consumer transactions still in cash: Visa’s latest ‘Where Cash Hides’ research
11/12/2024	Visa partners with Saudi Awwal Bank and Monsha'at for third edition of She's Next to empower women fashion entrepreneurs
20/11/2024	Employees rate Visa offices in Egypt, Saudi Arabia, and UAE as a ‘Great Place To Work^®’
27/10/2024	Visa opens new Saudi Arabia Innovation Center and office to power digital payments growth
16/10/2024	Saudi Arabia tops the global chart in click-and-mortar shopping, especially the younger consumers: PYMNTS-Visa Acceptance Solutions Study
08/10/2024	Visa report reveals surge in demand for digital remittances in Saudi Arabia
14/08/2024	Visa and Saudi tourism authority launch Tourism Data Lab to promote tourism to Saudi Arabia and enhance the tourist experience
04/08/2024	Visa announces Future of Retail Roadmap for Saudi Arabia
05/06/2024	MoneyLoop is Saudi Arabia winner of 2024 Visa Everywhere Initiative
28/05/2024	Saudi Arabia fintech finalists unveiled for 2024 Visa Everywhere Initiative
01/04/2024	Visa Everywhere Initiative applications now open to Saudi Arabia fintech startups
05/03/2024	Accepting digital payments essential for business growth: 87% of KSA retailers surveyed by Visa
18/12/2023	Visa Study Reveals 91% of KSA Consumers Surveyed are at Risk of Responding to Scammers
13/12/2023	Visa ‘Where Cash Hides’ research identifies categories in KSA where consumers still use cash
06/12/2023	Visa study reports Saudi consumers are seeking banks guidance to understand environmental impact of their spending habits
09/11/2023	Visa Welcomes More than a Hundred Athletes to Team Visa Ahead of Olympic and Paralympic Games Paris 2024
17/10/2023	Visa prepares GCC to meet growing demand for flexible payments with new Visa Installment Solution
07/09/2023	Visa and NymCard launch plug & play end-to-end issuance platform to help Fintech swiftly launch payment credentials as part of Visa's Ready To Launch (VRTL) program
20/06/2023	Record number of applications received for Visa’s She’s Next Grant Program in Saudi Arabia
15/06/2023	Amwal Tech wins 2023 Visa Everywhere Initiative finals in Saudi Arabia
23/05/2023	Visa launches 2nd edition of She’s Next in partnership with MCIT, Monsha’at, and ANB Bank to support women-owned small businesses in Saudi Arabia
02/05/2023	Visa and Saudi Tourism Authority sign MoU at Arabian Travel Market 2023 to Enhance Saudi Tourist Experience
26/04/2023	Applications open in Saudi Arabia for Visa Everywhere Initiative, a global innovation competition for fintech startups
04/04/2023	Visa Defines New Era of How Money Travels Abroad
16/03/2023	Visa and Fintech Saudi sign MoU at Financial Sector Conference 2023 to bolster fintech growth and accelerate Saudi Vision 2030
10/03/2023	Visa, Monsha’at sign MoU at Biban 2023 to build SME capacity for digital economy in line with Saudi Vision 2030
08/11/2022	Visa Reveals More Transit Users Are on Board with Contactless Payments in Saudi Arabia
27/10/2022	Visa to open state-of-the-art Innovation Center in Kingdom of Saudi Arabia
21/09/2022	Visa and Al Rajhi announce winners of first Saudi Arabia edition of Visa She's Next program
18/07/2022	Visa announces KSA GM Ali Bailoun to lead payments leader’s operations in GCC cluster of Saudi Arabia, Bahrain and Oman
30/06/2022	Visa and Al Rajhi Bank launch global 'She's Next' initiative for first time in KSA
27/06/2023	85% consumers in Saudi want to know how eCommerce site will protect personal data before paying online: Visa survey
23/06/2022	Saudi’s NQOODLET wins the inaugural “Visa Direct” award at 2022 Visa Everywhere Initiative CEMEA finals
18/05/2022	NQOODLET wins 2022 Visa Everywhere Initiative in Saudi Arabia finals
11/04/2022	Visa calls innovative startups in Saudi Arabia to enter local edition of global Visa Everywhere Initiative
27/02/2022	Visa Brings the FIFA World Cup™ Winner’s Trophy to Saudi Arabia
01/02/2022	Visa Everywhere Initiative 2022 invites fintech and payment startups in Saudi Arabia to showcase their solutions on a global stage
17/11/2021	Confidence Rebounds in Saudi Arabia as Consumers Embrace eCommerce and Contactless Payments
25/10/2021	41% of consumers will switch retailers if there are delays in completing their online transaction: survey by Saudi Payments and Visa
17/10/2021	75% of Saudi consumers trust digital payments for online and in-store shopping: Visa-Saudi Payments survey
28/09/2021	Saudi Arabia achieves highest adoption of NFC contactless payments in MENA at 94% of all in-store payments
16/06/2021	Visa Appoints Dr. Saeeda Jaffar as Senior Vice President to lead Gulf Cooperation Council (GCC) Region
22/03/2021	8 out of 10 Saudi small businesses optimistic about recovery, as revealed in new Visa Small Business Recovery study
23/02/2021	Visa Announces 2021 Edition of Visa Everywhere Initiative
28/01/2021	Digitally-enabled businesses best positioned for growth in 2021, say experts at Visa MENA eCommerce Summit
30/08/2020	More than a third of merchants in Saudi make the shift to eCommerce offerings amid COVID-19
06/07/2020	stc pay enters into a strategic partnership with Visa to launch customer-centric digital payment solutions
14/06/2020	Visa supports move in KSA to increase in PIN-free contactless transactions
10/04/2018	Adopting digital payments could bring up to SR 25.1 billion annually in net benefit to consumers, businesses, and government in Riyadh, Visa global study reveals

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Tapping to pay is the future of secure, convenient and touch-free payments at the point of sale.

Contactless point of sale imagery

Image illustrating the ease of using contactless payments.

Contactless indicator logo

The EMVCo Contactless Indicator* indicates acceptance. When featured on a card, it means the card can be used to tap to pay. When featured on a check out terminal or on shop signage, it means a merchant accepts tapping to pay.

Contactless symbol

The EMVCo Contactless Symbol* indicates where you tap your contactless chip card or payment-enabled mobile/wearable device on the check out terminal to make a payment.

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Visa Direct media kit

In today’s economy, “business as usual” just doesn’t cut it anymore. That’s why there’s Visa Direct which empowers end users, businesses and clients to quickly move money around the world, helping transform global money movement. Visa Direct helps facilitate the delivery of funds directly to eligible cards, bank accounts and wallets around the world. Visa Direct supports multiple use cases such as person-to-person payments and account-to-account transfers, business and government payouts to individuals or small businesses, merchant settlements and refunds.¹

7.5B transactions processed^*

500+ enablers supporting Visa Direct solutions across 2800 programmes enabled around the world

190+ countries and territories reached through a network of 15+ card-based networks, 70+ domestic payment schemes, 10+ RTP schemes and 5+ payment gateways

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Footnotes

¹Use cases are for illustrative purposes only. Programme providers are responsible for their programmes and compliance with any applicable laws and regulations.

*(As of full year FY23)

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