According to a study by the University of Oxford, money is a transmission route for bacteria, up to 26,000 per banknote. In many areas, the fear that banknotes or coins are a vehicle for the transmission of infection has caused some establishments or services to prohibit it. Many US restaurants have gone cashless and are using QR codes for menus.

Sianna Wu, Senior Vice President, MEA of PayerMax, highlighted the role of digital payments in the Middle Eastern countries’ digitized economy vision in a keynote address.

As part of the partnership, the companies will work together to launch credit cards with issuers all over the world using Zeta’s contemporary, cloud-native, and completely API-ready credit processing stack.

PayBy also announced that the Asfartrip website has been incorporated into its native app, allowing clients to access travel and accommodation booking services as well as cashless transport. Customers can now book travel and plan vacations from anywhere and at any time using the safe, smart, and simple-to-use PayBy App, providing increased convenience and ease of booking using the app.

“Mobily strives to enhance customer experience with a first-of-its-kind, next-generation financial services platform that enables secure and convenient journey for consumers. With the right technology partner like Ericsson, our ambitions to roll out new services that provide added benefits and features propel financial inclusion and achieve the goals of the Saudi Vision 2030,” says Ayman A. Aleissa, CEO, Etihad Fintech.