Hajj Ministry, Saudi National Bank introduce digital wallet for pilgrims

Hajj Ministry, Saudi National Bank introduce digital wallet for pilgrims
Hajj Ministry, Saudi National Bank introduce digital wallet for pilgrims

Thank you for reading the news about Hajj Ministry, Saudi National Bank introduce digital wallet for pilgrims and now with the details

Jeddah - Yasmine El Tohamy - RIYADH: The Ministry of Hajj and Umrah, in cooperation with the Saudi National Bank, has launched the first international digital wallet for pilgrims.

The Nusuk Wallet allows pilgrims to manage their money and uses encryption technology for security.

Hajj and Umrah Minister Tawfiq Al-Rabiah launched the online service with several officials in Jeddah, the Saudi Press Agency reported.

Ahmed Al-Maiman, director of the digital department at the ministry, said: “With the launch of the digital wallet, six achievements have been realized at the local and international levels.

“It is the first digital wallet and international bank card in the world, allowing Hajj pilgrims and Umrah performers to manage their money during the period of their stay for performing rituals.

“Following this move, we have become closer to achieving our goal of developing a successful super-app that meets pilgrims’ needs.”

Al-Maiman added: “This innovation is a qualitative leap in the field of technical services, as the wallet combines modern technology with the needs of users.”

It includes the latest technologies “such as AI, encryption, and biometric identity verification, in addition to advanced technologies such as API (Application Programming Interface) and integrated SDK (Software Development Kit).”

He added: “It is also the first open-loop digital wallet embedded within an application in the world, designed to enable Hajj pilgrims and Umrah performers to manage their money.”

The SNB’s Digital Ventures and Payments CEO Saleh Al-Furaih said the service complies with Saudi Central Bank regulations, which guarantees financial security.

The ministry added that it welcomes new ideas and solutions to assist pilgrims, and urged private companies to submit their proposals via email at [email protected].

These were the details of the news Hajj Ministry, Saudi National Bank introduce digital wallet for pilgrims for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at Arab News and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

NEXT Saudi, Bahraini officials review King Fahd Causeway expansion plans

Author Information

I am Joshua Kelly and I focus on breaking news stories and ensuring we (“Al-KhaleejToday.NET”) offer timely reporting on some of the most recent stories released through market wires about “Services” sector. I have formerly spent over 3 years as a trader in U.S. Stock Market and is now semi-stepped down. I work on a full time basis for Al-KhaleejToday.NET specializing in quicker moving active shares with a short term view on investment opportunities and trends. Address: 838 Emily Drive Hampton, SC 29924, USA Phone: (+1) 803-887-5567 Email: [email protected]