Saudi Arabia to license e-payment service providers at petrol stations: Alkholifey

14/06/2018 Argaam

 

The Saudi Arabian Monetary Authority (SAMA), the Kingdom’s central bank, is in talks with the Ministry of Commerce and Investment to license firms, which use e-payment options at petrol stations, Al-Yaum newspaper reported, citing governor Ahmed Alkholifey.

 

The move comes as part of SAMA’s strategy to reduce cash payments by 70 percent.

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