In a recent statement, the Saudi Arabian Monetary Authority (SAMA) announced an upcoming integration with Google Wallet that will provide users with an “advanced and safe way” to make secure purchases across stores, apps, and websites. The initiative, set to launch in 2025, aims to offer users the option to add and manage their cards within Google Wallet.
This partnership is part of SAMA’s broader strategy to expand digital payment solutions, aligning with Saudi Vision 2030 and international standards. SAMA’s goal is to establish a robust digital payments infrastructure to support the country’s shift towards a less-cash dependent society.
This development is part of SAMA’s ongoing efforts to enhance digital finance in Saudi Arabia. The central bank has already made significant progress, including the beta launch of STC Bank, granting an e-wallet license to start-up Barq in 2024, and rolling out a trial phase of the eSAMA portal earlier this month.
