{"id":21731,"date":"2023-02-28T12:30:47","date_gmt":"2023-02-28T12:30:47","guid":{"rendered":"https:\/\/www.meretailnews.com\/?p=21731"},"modified":"2023-02-28T12:47:02","modified_gmt":"2023-02-28T12:47:02","slug":"digital-economy-to-take-centre-stage-at-ninth-retail-leaders-circle-mena-summit","status":"publish","type":"post","link":"https:\/\/www.meretailnews.com\/2023\/02\/28\/digital-economy-to-take-centre-stage-at-ninth-retail-leaders-circle-mena-summit\/","title":{"rendered":"Digital economy to take centre stage at ninth Retail Leaders Circle Mena Summit"},"content":{"rendered":"
As such, funds transfer company Visa will be the event\u2019s partner for the fourth consecutive year.<\/p>\n Ali Bailoun, Visa\u2019s regional GM for Saudi Arabia, Bahrain and Oman, said: \u201cThe unprecedented growth in digital commerce during the pandemic has prompted retailers to evolve how they engage with customers who increasingly seek seamless and secure payment experiences.”<\/p>\n “In fact, four in five consumers we surveyed in Saudi Arabia would switch retailers based on the payment methods offered, with digital payments \u2013 especially contactless \u2013 preferred over cash.”<\/p>\n “Through our sponsorship of Retail Leaders Circle we will explore how Visa, together with our local industry partners, can help the retail sector in Saudi Arabia and the region better leverage the exciting growth opportunities of the digital economy<\/a>.\u201d<\/p>\n Chaloub Group is also a partner for the event.<\/p>\n Patrick Chaloub, Group President at Chalhoub Group, said: \u201cTo inspire, exhilarate and delight our customers, it takes a group of like-minded leaders, retailers and government bodies to create a seamless value chain in retail from the first step to the last mile.<\/p>\n “Such conversations and engagements always take place professionally during the Retail Leaders Circle in Riyadh. Our partnership goes beyond the event, as we continue to collaborate to shape and grow the future of the Kingdom\u2019s and region\u2019s retail sector.\u201d<\/p>\n The summit will also host a retail exhibition, which this year will include an exhibition of some of Saudi Arabia’s home-grown brands, presented by the Saudi 100 Brands initiative under the Saudi Fashion Commission. Digital platforms including TikTok and Snap will also be represented, showcasing innovative ways to reach the modern connected consumer.<\/p>\n
\nThe Ninth Retail Leaders Circle Mena Summit<\/a>, which will commence on March 7 in Riyadh, has said that addressing challenges in the digital economy will be the main talking point at the conference.<\/p>\n