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Saudi banks shut down 42 branches in 12 months, increase digital presence graphic

Saudi banks shut down 42 branches in 12 months, increase digital presence

  • More banks are switching to increased virtual interactions and digitalization, and new banks are opening entirely on that premise
By Hala Hisham Koura ·
The Saudi Zakat, Tax, and Customs Authority recently launched its Fatoorah e-invoicing project to implement a system allowing the smooth exchange and processing of invoices. (Shutterstock)

E-invoicing will help combat commercial concealment in Saudi Arabia

By Arab News ·
Payments through digital wallets had grown to 8 percent of in-person card transactions in 2019, up from 2 percent in 2016. (File/AFP)

Australia considering new laws for Apple, Google, WeChat digital wallets

By Reuters ·

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