Browsing Tag

cards

Mada card transactions surge 28% to reach $4.32bn in May

E-commerce sales via Mada cards in Saudi Arabia surged by 28 percent annually to reach SR16.22 billion ($4.32 billion) in May. Data from the Saudi Central Bank indicates that this included online shopping, in-app purchases, and e-wallet…
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Business

Saudi e-commerce thrives as sales using Mada cards reach $3.76bn in February

Saudi e-commerce sales using Mada cards reached SR14.11 billion ($3.76 billion) in February – an annual increase of 25 percent, the Kingdom’s central bank has revealed. This figure includes transactions through online shopping, in-app…
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Mix

MasterCard gets rid of the magnetic stripe on its cards after more than 60 years

The company "MasterCard" announced that it has gradually phased out the use of the famous magnetic tape, which remained attached to its credit and debit cards, which first appeared in the sixties of the last century. It said in a…
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