Saudi Post join hands with Mastercard for in-store and online card acceptance

Saudi Post and Mastercard have announced a collaboration aimed at driving and enabling card payment acceptance for Saudi Post customers across physical in-store as well as online channels.
Updated 25 November 2016
0

Saudi Post join hands with Mastercard for in-store and online card acceptance

In another significant step to drive cashless payments in the Kingdom of Saudi Arabia, Saudi Post, the Kingdom’s public postal services entity, and Mastercard, a leading technology company in the global payments industry, have announced a collaboration aimed at driving and enabling card payment acceptance for Saudi Post customers across physical in-store as well as online channels. As part of the collaboration, Mastercard’s professional services arm — Mastercard Advisors — will provide consultation services to Saudi Post.
Dr. Usamah Altaf, Acting President and CEO, Saudi Post, said that the recent surge in e-commerce transactions in the Kingdom makes the collaboration a vital and timely move. “The payment landscape in the Kingdom is witnessing a strong increase in e-commerce transactions, driven by the vast growth of e-government and e-commerce initiative. A growing number of customers now prefer to have their items shipped from other parts of the world, and many prefer paying by card. Our collaboration with Mastercard Advisors will help us strengthen our cashless infrastructure and stay at pace with this rapidly evolving segment of e-commerce and electronic payments.”
This will, in turn, contribute to the efficiency of our operational model and help us enhance the overall customer experience.”
Khalid Elgibali, Division President for Middle East and North Africa, Mastercard, said: “Mastercard is committed to working closely with key partners in the Kingdom of Saudi Arabia to drive cash displacement and expedite the adoption of cashless transactions across all payment channels. Mastercard Advisors has a proven record in helping organizations optimize transaction data, deepen their understanding of consumer behavior and boost business growth. We are excited to leverage the market insights and intelligence of Mastercard Advisors to crystallize opportunities in electronic payments and thereby enhance customer satisfaction for Saudi Post customers.”
Mastercard is committed to empowering organizations by harnessing its innovative technology, and achieving shared goals of driving greater economic value and customer satisfaction. It continues to look for new opportunities in the region where its deep expertise and informed advice can expedite companies in their journey towards a 'World Beyond Cash'.


Lamborghini wows luxury car show in Jeddah

Updated 24 March 2019
0

Lamborghini wows luxury car show in Jeddah

Lamborghini Saudi Arabia participated in the EXCS International Luxury Motor Show, which was held in Jeddah March 14-17.
Wayne Banoub, COO of Samaco Automotive Company, the exclusive dealer of Lamborghini in the Kingdom, said: “Lamborghini cars are known worldwide as one of the most sophisticated cars, this famous brand has wide recognition in Saudi Arabia in particular and in the region in general; in view of its deep roots, elegance and development, it is one of the first luxury car brands that appeared in the Saudi market.”
Banoub said Lamborghini’s sales have doubled in Saudi Arabia since Samaco acquired its distribution rights last year.
“Over the years, this brand has played hard to fortify its place in the market and achieve a substantial portion in the market of luxury sports cars. Since Samaco got its dealership in Saudi Arabia, its sales have doubled and even exceeded our quota.”
Launched in 2018, the Urus is the world’s first sport SUV, delivering best-in-class lightweight technologies, with innovation in design and engineering.
The Urus features a 4.0 liter V8 twin-turbo engine delivering 650 hp at 6,000 rpm, maximum 6,800 rpm, and 850 Nm of maximum torque already at 2,250 rpm. With 162.7 hp/l, the Urus claims one of the highest power outputs in its class and the best weight-to-power ratio.
Claimed as the Nürburgring-Nordschleife production car record holder, completing a 20.6 km lap in just 6:44.97 minutes, the Aventador SVJ is fitted with a naturally aspirated V12 engine which produces 770 HP and torque of 720 Nm partied with a 7-speed automatic transmission model ISR.
The Aventador SVJ is designed to achieve high performance and accelerates from 0 to 100 km/hour in 2.8 seconds with a top speed of 350 km/hour. The car is limited to 900 production units only.
The 12th edition of EXCS was held amid intense competition in the Saudi luxury car sector. The motor show provides a platform for luxury car companies and dealers in Saudi Arabia to showcase the latest models that arrived in the Kingdom during the year.
The luxury car sector is one of the fastest growing sectors of the automotive industry in Saudi Arabia, thanks to the increasing demand for this category of vehicles.
Lamborghini Car Owners Club organized a visit for a number of the club members to Lamborghini’s pavilion at the International Luxury Motor Show, where they interacted with other visitors, discussing the many features of Lamborghini cars.