RIYADH: Card payment provider American Express has achieved a 180 percent increase in its point-of-sale acceptance in Saudi Arabia over the past two years, according to CEO Fahad Mubarak Al-Guthami.
The company aims to reach 90 percent coverage by the end of 2025.
Speaking on the sidelines of the 24 Fintech conference in Riyadh, Al-Guthami said that this growth aligns with Saudi Arabia’s goal to achieve 70 percent non-cash transactions by 2030, under the Financial Sector Development Program.