Gidea launches electronic payment service in Saudi Arabia

Ongoing drive to develop electronic payment services and support all banks in the Kingdom to adopt latest technologies

Tags: Payment solutionsSaudi Arabia
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Gidea launches electronic payment service in Saudi Arabia The service facilities the linking of electronic payments for Saudi banks with the UnionPay network through the Saudi Payments Network System in cooperation with the Saudi Arabian Monetary Agency
By  Aasha Bodhani Published  June 16, 2016

Gidea, a point-of-sale technology provider, has introduced a new service to the payment sector market in Saudi Arabia.

The service facilities the linking of electronic payments for Saudi banks with the UnionPay network through the Saudi Payments Network System in cooperation with the Saudi Arabian Monetary Agency.

This is the first service in Saudi Arabia associated with the UnionPay network, as it comes within the company's ongoing drive to develop electronic payment services and support all banks in the Kingdom by adopting the latest technologies.

The UnionPay credit card is available to the public clients in the Saudi market, and now the clients now can take advantage of this service in purchasing, operations through POS devices and ATMs in Saudi Arabia.

Abdullah Al-Othman, head of Gidea Company for technology said: "The payments services are witnessing an unprecedented development, the company is keen to keep up with the latest global technological systems by applying in Saudi market."

Taking in consideration the importance of this card for visitors to Saudi Arabia from China, being one of the most actively traded credit cards in China, especially with the arrival of large numbers of pilgrims throughout the year who were facing a lot of difficulties in using POS devices and ATMs in Saudi Arabia earlier.

The launch ceremony to announce Gidea's official POS deployment to the KSA market with UnionPay card was attended by Wang Han, general manager of UnionPay International Middle East and Hany Al Deeb, regional country manager Saudi Arabia, Qatar, Kuwait, Bahrain and Iraq market.

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