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The Saudi Central Bank "SAMA" announced the upcoming launch of the "Tap to Pay on iPhone" service in the Kingdom during the "Money20/20 Middle East" conference in Riyadh. This move aims to transform iPhones into fully integrated digital point-of-sale terminals. The technology relies on Near Field Communication (NFC) to facilitate instant payments by simply approaching a card or phone. Merchants can accept payments directly through approved payment apps on the iPhone, eliminating the need for external devices. The service ensures secure transactions and user privacy, as all operations are encrypted without sharing identity data or purchase details. This development promotes innovation and simplifies bill payments across the Kingdom.
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