<\/p>\n
Riyad Bank has launched the first banking innovation for point-of-sale payments via a smart wristband or mobile sticker for Riyad Bank customers who hold Mada cards, making it the first Saudi bank to launch this service as part of its strategy for continuous development, and to create distinctive banking solutions that live up to its customers\u2019 trust, meet their expectations, and reinforce the bank\u2019s leading position in the banking sector.<\/p>\n
On this occasion, Riyad Al-Zahrani, Executive Vice President of Retail Banking at the bank, explained that the launch of this service is part of the electronic payment solutions offered by Riyad Bank, reflecting the bank\u2019s commitment to enriching its long-standing experience in digital banking with the latest innovations in banking technology, as well as its ongoing efforts to maintain its excellence and provide its customers with greater convenience and security in meeting their banking needs.<\/p>\n
Al-Zahrani added: \u201dThe smart wristband and payment sticker use Atheer\u2019s \u201cMada\u201d technology and enable customers to pay for low-value purchases through point-of-sale terminals throughout the Kingdom that support the Atheer service. This is done by swiping the wristband or payment sticker\u2014which can be easily placed behind a mobile phone \u2014 directly in front of the terminal without needing to insert a debit card into the POS terminal or enter a PIN, which means it\u2019s extremely easy and fast to use, eliminating the need to carry cash while also providing a secure service.\u201d He added: \u201dThe smart wristband and payment sticker will soon be available at a number of Riyad Bank branches and can be obtained directly from the branch.\u201d<\/p>","protected":false},"excerpt":{"rendered":"
Reading time: <\/span> < 1<\/span> Minute<\/span><\/span> Riyad Bank has launched the first banking innovation for point-of-sale payments via a smart wristband or mobile sticker for Riyad Bank customers who hold Mada cards, making it the first Saudi bank to launch this service as part of its strategy for continuous development, and to create distinctive banking solutions that live up to its customers\u2019 trust, meet their expectations, and reinforce the bank\u2019s leading position \u2026 Read 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