American Express targets 90% Saudi POS coverage following rapid growth: CEO | Arab News
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.
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.
“Right now, many places around the Kingdom are accepting American Express…it’s part of our strategy,” Al-Guthami told Arab News.
Read more: https://arab.news/cd93g
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