Why Saudi Arabia Force Retail Sector To Provide E-payment?
Saudi Arabia has made it mandatory for the retail sector in the Kingdom to provide electronic payment methods to customers since 25 th Aug, Saudi Gazette reported. The Ministry of Commerce will carry out field visits within sphere the scope of authority, and ensure the availability of electronic payment services, even crack down on violations and impose penalties. Why Saudi Arabia will force the retail sector to provide electronic payment? The move is in line with the implementation of the National Program to Combat Commercial Cover-up (tasattur), and make further steps to reduce cash circulation, eliminate shadow economy, upgrade the level of electronic services, protect consumers and create a cashless society. In fact, Sweden, Finland, Singapore, India , and other countries are vigorously promoting electronic payment , ambitious to create a cashless society , and see it as an important means to save social res...