ALBAWABA – Samsung Pay, the mobile payment and digital wallet service, operated by the South Korean company Samsung Electronics, was officially launched in Saudi Arabia.
Samsung pay now available in Saudi Arabia
The Saudi Central Bank (SAMA) announced the launch of Samsung Pay, the mobile payment and digital wallet service, operated by the South Korean company Samsung Electronics, in Saudi Arabia through Mada Pay, the national payment scheme of Saudi Arabia that enables electronic payments through various channels, including point-of-sale (POS) terminals.
This launch highlights the Saudi Central Bank’s efforts to enhance digital and online payment systems in the Kingdom, aligning with Saudi Arabia's Vision 2030.
Samsung users can now enjoy the electronic payment service through Samsung Wallet applications on smartphones, websites, or digital wallets. (Shutterstock)
Notably, during the Global Fintech Movement | 24 Fintech 2025, the Saudi Central Bank (SAMA) signed an agreement with Samsung last September to launch the Samsung Pay service in the Kingdom during the fourth quarter of 2024.
Samsung Pay availability in the kingdom
Samsung users can now enjoy the electronic payment service through Samsung Wallet applications on smartphones, websites, or digital wallets. Enabling contactless payments in physical stores, online transactions, and in-app purchases.
“The launch of Samsung Pay service is part of a series of innovations that aim at meeting market needs and advancing Saudi Arabia’s position as a global pioneer in fintech,” stated the Saudi Central Bank (SAMA).
