Payment Security Summit - KSA

Saudi Arabia is rapidly becoming a regional leader in digital payments, with over 62% of point-of-sale transactions now cashless, according to the Saudi Central Bank (SAMA). Driven by Vision 2030, the Kingdom is moving swiftly toward a fully cashless economy, with mobile wallet usage surging by 95% in 2023, SAMA adds.
In this fast-evolving landscape, the Payment Security Summit – Saudi Arabia will bring together global and local leaders to address the urgent need for secure, future-ready digital payment infrastructure. The summit will spark innovation, shape policy and strengthen the Kingdom’s digital trust ecosystem.Saudi Arabia’s Fintech Landscape

• Vision 2030’s economic engine: Part of the broader Vision 2030 agenda is the Financial Sector Development Program (FSDP), which aims to strengthen capital markets, expand the stock exchange (Tadawul), and establish Saudi Arabia as a global investment destination.
• Banking powerhouse: The Kingdom is home to 38 licensed banks, including 11 local banks, 24 foreign branches, and 3 digital banks—STC Bank, D360 Bank, and Vision Bank.
• The biggest bank by assets: Saudi National Bank (SNB), created through the merger of NCB and Samba in 2021, commands the largest market share. Its sovereign-wealth fund backing reflects its central role in the country’s financial system.
• World-leading Islamic banking: Al Rajhi Bank ranks as the largest Islamic bank globally by capital, with several branches and extensive digital services, including biometric logins.
• Digital banking surge: Three fully licensed digital banks—STC Bank, D360, and Saudi Digital Bank (Vision Bank)—are part of a strategic drive toward digital-first banking.

Entry for this event is Paid. Only Delegates with Confirmed PSS QR Codes will get entry to the event.

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