Global payments solution provider Checkout.com will highlight the transformative potential of advanced payment technologies in driving the growth of Saudi Arabia’s digital economy at the 24 Fintech conference, set to take place in Riyadh from September 3 to 5. The event, a key gathering in the Kingdom’s fintech sector, will bring together over 26,000 global leaders from finance, technology, investment, and academia to explore the critical trends shaping Saudi Arabia’s fintech landscape.
During the conference, Remo Giovanni Abbondandolo, General Manager for MENA at Checkout.com, will participate in a panel discussion on the evolving digital payments landscape in the MENA region. He will also present a session titled “Digital Commerce in Saudi Arabia: A Tale of Rapid and Sustained Growth,” offering strategic insights for businesses looking to capitalize on the Kingdom’s burgeoning digital economy.
In addition to presentations, Checkout.com will sign strategic partnership agreements with Tawuniya, a leading insurance company in Saudi Arabia, aimed at expanding its service portfolio and enhancing Tawuniya’s digital payment processes. This partnership underscores Checkout.com’s commitment to advancing Saudi Arabia’s digital transformation in line with Vision 2030.
Checkout.com’s fourth annual MENA e-commerce report highlights the growing enthusiasm for online shopping among Saudi consumers, with a 180% increase in monthly online shoppers since 2020. The company’s processing volume in Saudi Arabia surged by 165% between 2022 and 2023, reflecting the strength and digital maturity of the Saudi market. Checkout.com, with a dedicated office in Riyadh, has been serving businesses in the Kingdom since 2014, helping them leverage its next-generation payments platform to boost performance and revenue.
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