mada<\/a> has issued more than 30 million, representing nearly 90 per cent of all payment transactions processed within the country.\u00a0<\/span><\/p>\nIn Q1 of 2023, e-commerce transactions in the country saw a 50 per cent growth compared to the same month in the previous year.\u00a0<\/span><\/p>\nAdditionally, it is estimated that mada cardholders account for over 50 per cent of the GCC’s purchasing power and more than 35 per cent of the entire Mena region’s spending capacity.<\/span><\/p>\nManaging director for Saudi Arabia at Tap Payments, Sultan Alonazi, said: \u201cPartnering with Saudi Payments allows us to collaborate in building meaningful technologies that have a major impact on digitizing payments and elevating the payment experience for cardholders in the region. It provides businesses with the capability to roll out recurring subscription payments and on-demand payments to evolve the transformation of digital commerce and the adoption of IOT (Internet of Things) commerce.”<\/span><\/p>\nPrior to its most recent certification, Tap had been certified as a payment technology provider and currently holds a license from the Saudi Central Bank as a payment institution in Saudi Arabia.\u00a0<\/span><\/p>\nFounded in 2013, Tap Payments powers more than a hundred thousand businesses of all sizes across all industries.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"Fintech company Tap Payments has got the certification of its payment gateway technology by mada<\/p>\n","protected":false},"author":40,"featured_media":20869,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[154,1],"tags":[2683],"_links":{"self":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts\/23554"}],"collection":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/comments?post=23554"}],"version-history":[{"count":1,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts\/23554\/revisions"}],"predecessor-version":[{"id":23555,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts\/23554\/revisions\/23555"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/media\/20869"}],"wp:attachment":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/media?parent=23554"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/categories?post=23554"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/tags?post=23554"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}