Samsung Electronics launched Samsung Wallet in the Kingdom of Saudi Arabia

Samsung Wallet offers users a cutting-edge platform that aligns with the broader goals of Saudi Vision 2030

Samsung Electronics Saudi Arabia is thrilled to announce the launch of Samsung Wallet^[1], unveiled today during a prestigious event held in Riyadh. 

This milestone event witnessed the esteemed presence of the Deputy Governor of Payments at SAMA Mr. Abdulaziz Abanmi, the President of Samsung Electronics Saudi Arabia Mr. Hendrick Lee, top management representatives from banking institutions, media professionals and prominent journalists.

The highlight of the event was the inaugural Samsung Pay transaction, conducted by Mr. Abanmi, symbolizing a step forward in digital payments. This launch underscores the importance of providing Samsung users with a seamless, secure, and convenient way to handle daily transactions, significantly enhancing their digital lifestyle.

Samsung Wallet offers users a cutting-edge platform that not only simplifies their daily transactions but also aligns with the broader goals of Saudi Vision 2030. As a strategic alignment, this initiative supports the Kingdom’s commitment to modernizing its financial sectors and embracing technological advancements that improve quality of life.

Hendrick Lee, President of Samsung Electronics Saudi Arabia, expressed his enthusiasm for the launch, stating, “Today marks a transformative moment in our journey towards empowering our users with innovative financial solutions. Samsung Wallet is not just a product; it is a commitment to enhancing the digital experience of our customers. We are proud to support the Kingdom’s vision of a diversified and technologically advanced economy.”

The launch of Samsung Wallet sets a new benchmark in the financial sector, promising to add immense value to the daily lives of our users while contributing to a tech-savvy, digitally inclusive economy. The service will be introduced gradually to users across the Kingdom, ensuring a smooth and seamless adoption process for all users.

Currently, Samsung Wallet is supported by AlRajhi Bank, SAB: Saudi Awwal Bank, Saudi Investment Bank and Bank Aljazira, with plans for expansion to other banks in the near future like Saudi National Bank, urpay and Alinma Bank.

Users will gradually be able to enroll the service on their Galaxy smartphones in the coming days. The payment service is accessible via mobile devices, with upcoming availability on Samsung Galaxy watches.

For more information about Samsung Wallet services, please visit: https://www.samsung.com