Amazon launches payment services in Saudi Arabia
- Date: 15-Dec-2020
- Source: Arab News
- Sector:Financial Services
- Country:Saudi Arabia
Amazon launches payment services in Saudi Arabia
Amazon launches payment services in Saudi Arabia
Amazon launches payment services in Saudi Arabia
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Amazon Payment Services began as Payfort in 2013 and joined the Amazon group of companies when the online conglomerate acquired the Souq Group in 2017. (Supplied)
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Omar Soudodi, Managing Director of Amazon Payment Services. (Supplied)
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Amazon launches payment services in Saudi Arabia
Amazon Payment Services will enable Saudi businesses to process both global and local payments
Omar Soudodi: What we're trying to do is further empower organizations in Saudi Arabia, big or small, to build simple, trusted and affordable payment experiences
Updated 14 December 2020
JEDDAH: Amazon has launched its payments services platform in Saudi Arabia as part of its introduction across the Middle East and North Africa region.
The service offers businesses in the region the capacity to accept all forms of payments securely.
Amazon Payment Services will enable Saudi businesses to process both global and local payments, enable payments to be made in installments, monitor payment performance and protect businesses from fraud attempts by accurately converting currencies.
Amazon Payment Services began as Payfort in 2013 and joined the Amazon group of companies when the online conglomerate acquired the Souq Group in 2017.
"Payfort is becoming Amazon Payment Services, which launched today,“ said Omar