What's in it for FinTech startups in events like Biban24    Al Nassr and Al Hilal share points in intense Riyadh Derby draw    SFDA chief discusses investment opportunities in food and pharmaceutical sectors with Chinese companies    Riyadh's Sports Boulevard receives Platinum ActiveScore certifications    ImpaQ: Riyadh to host first Impact Makers Forum in December    Saudi Arabia ranks 12th globally in international visitor spending in 2023    Saudi Red Crescent air ambulance rescues injured camel herder in Qassim desert    Saudi Arabia refutes claims of rising worker fatalities, highlighting low work-related death rates    US says around 8,000 troops from North Korea are stationed in Russia's Kursk region    Spain mourns as death toll passes 150 in catastrophic floods    Seven killed in Israel in deadliest Hezbollah rocket strikes in months    Rapper Young Thug released from US jail after guilty plea on gang charges    Cyclists on phones face jail under Japan's new traffic laws    Hidden sugars in Asia's baby food spark concerns    Saleh Al Shehri strike seals Al Ittihad's Sea Derby win over Al Ahli    HONOR unveils pre-order of the stunning HONOR MagicBook Art 14 Featuring an ultra-slim design, HONOR Eye Comfort Display and AI Cross-OS WorkStation    Derby Week makes its debut in the Roshn Saudi League    Al Nassr eliminated from King's Cup after a defeat to Al Taawoun    Teri Garr, Young Frankenstein and Tootsie star, dies at 79    Indonesia Days event celebrates cultural diversity at Al Suwaidi Park    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Muted Eid celebrations for millions of Nigerian Muslims    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Elm developing E-Wallet service for Saudi digital infrastructure
Published in The Saudi Gazette on 12 - 10 - 2019

Elm has revealed its upcoming financial technology product during its participation at GITEX 2019. The E-Wallet service is currently being developed in coordination with the Saudi Arabian Monetary Authority (SAMA) in support of the Financial Sector Development Program launched in line with the "Saudi Vision 2030".
The program is part of the digital infrastructure development in the Kingdom aimed at reaching all segments of the community. Elm said that the E-Wallet service application would be able to verify the data of its registered users automatically. Also, the app will provide users with virtual bank account numbers and an option to open multiple sub-accounts. The service will be linked to their bank accounts to help them maximize all the offered services.
Users can also use the flexible digital and reliable e-wallet, which can be downloaded on their smart devices, to purchase products anywhere, anytime. Through the service, Elm aims to deliver a unique customer experience by leveraging its years of proven expertise in financial technology.
Elm's offerings are designed to help accelerate the Digital Transformation of Saudi Arabia and the whole of the Middle East and North Africa (MENA) region and provide the government and private sectors with the finest smart services.
GITEX was an ideal platform to enhance the Elm's global expansion regarding the Internet of Things (IoT) and Artificial Intelligence (AI). Elm highlighted its achievements in the local and international markets as a leading provider of advanced digital solutions that go in line with the MENA region's digital transformation efforts.
Elm said the 39th edition of the exhibition allowed the company to demonstrate its expertise and commitment to meet the highest quality standards. During the event, the company also unveiled its digital systems and solutions to contribute to digital development worldwide. These included "Elm Analytics Platform," "Elm Health Information System, "Seraj" Smart Consulting Integrated System for Intelligent PMO, and the Integrated Transport System. The solutions combine technology and Elm's expertise to meet the company's strategic objectives.
The new services reflect the company's ongoing research and development initiatives in line with its commitment to offer digital services and products. Elm said these products are critical to building a digital society and a digital economy in the time of rapid global digital transformation. — SG


Clic here to read the story from its source.