Al-Rajhi Bank has announced the launch of it’s application providing Soft POS on mobile phones as part of its technical and digital leadership solutions.
The new and innovative application provides a new and fast electronic payment mechanism that provides POS customers from all establishments to convert their phones to a means of accepting payment as an alternative to POS devices, which will save them effort, cost and maintenance.
This step comes from the bank as one of the first service providers in the region after being licensed by “Saudi Payments” as one of the financial and digital inclusion enablers targeted by the Kingdom’s Vision 2030 and is considered one of the steps to develop the financial sector in the Kingdom.
The bank appreciated the support of the success partners, which are “Saudi Payments” through “Mada”, which adopts enabling innovative initiatives to develop the payment environment in the Kingdom, and the “Momkn” Payments Company, a provider of digital points of sale service.
