Geidea to provide smart payment solutions to Ival’s distribution fleet across KSA

Abdullah Alshowaier, chief business officer at Geidea
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Updated 04 September 2022
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Geidea to provide smart payment solutions to Ival’s distribution fleet across KSA

Saudi fintech company Geidea has partnered with Ival, a bottled drinking water brand produced in Saudi Arabia, to enable acceptance of digital payments for their distribution network across the Kingdom.

As part of the collaboration, Geidea will enable PoS payment through the Go Lite device and tap-on-phone solution Go Air to Ival’s distribution network — allowing them to accept secure contactless payments in a seamless manner through a smartphone or a pocket-sized card reader.

Ival water is available across the Kingdom, providing delivery services over a large geographical scale with the availability of about 50 distribution centers. Ival’s distribution fleet comprises 1,500 vehicles, including large and small transport trucks and cars.

Abdullah Alshowaier, chief business officer at Geidea, said: “We are delighted to collaborate with Ival as their go-to partner to accelerate the acceptance of digital payments for their distribution fleet. Our tailored suite of payment solutions and technologies will not only simplify transactions for consumers, but also offer them the highest levels of convenience. We look forward to tapping into and supporting Ival’s large distribution network as we continue to boost our efforts in transforming Saudi Arabia’s digital payments landscape.”

Saad Al-Ajlan, general manager of Pure Beverages Industry Company, which owns the Ival brand, said: “In order to better serve our community and our clients in particular, we are excited about this new cooperation with Geidea. This will be accomplished by streamlining their payment and security procedures. We are convinced that with this agreement, we will form a special relationship with customers and offer them a one-of-a-kind customer experience.

“On the other hand, this partnership will support the Pure Beverages Industry Company’s goal of expanding the bottled water market in the Kingdom of Saudi Arabia by promoting digital payments and employing sector-appropriate techniques.”

As a contributor to the Saudi Vision 2030’s objective of supporting startups and SMEs and increasing digital transactions in the country, Geidea, through its innovative technologies, is providing a complete suite of payment, e-commerce and business management tools to help local businesses grow and scale.

Geidea operates more than 700,000 payment terminals across the region and with 150,000 trusted merchants, including regional and international brands, SMEs and e-commerce players.


BSF-AstroLabs program boosts Saudi fintech talent

Updated 10 September 2024
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BSF-AstroLabs program boosts Saudi fintech talent

Bank Saudi Fransi and AstroLabs, a business expansion platform in the Gulf, have announced the successful conclusion of the second cohort of their flagship “Banker Technologist” program, which seeks to expand Saudi Arabia’s fintech talent pool, thereby contributing to the advancement of the broader fintech sector.

As Saudi Arabia is rapidly evolving into a global financial technology and innovation hub, the program plays a pivotal role in generating employment in fintech. This is in line with Vision 2030’s objectives to increase the number of fintech companies to at least 525 by 2030, up from 200 in 2023 to create 18,000 job opportunities.

This six-month program is uniquely designed to shift the emphasis from theoretical concepts to practical skill acquisition through a learning environment created to simulate actual workplace scenarios.

During the initial stages, the 10 selected participants took part in group classes held at AstroLabs’ premises in Riyadh, covering core development topics such as web development, databases, security, cloud and digital services, integration and programming, along with soft skills and personal competencies.

Afterward, the participants got the opportunity to partake in mentorship sessions moderated by more than 10 subject matter experts including established bankers and CEOs as well as members from the AstroLabs’ network, among other stakeholders. This immersive experience has equipped participants with the necessary technological tools, personalized support and unrivaled networking opportunities, including a visit to the LEAP conference held in Riyadh last May.

Reema Siyam, head of learning and talent management at Banque Saudi Fransi Academy, said: “As BSF takes strides toward its mission to become the most modern, innovative, and experience-focused bank in the region, we continue to focus on attracting, developing, and retaining top talent in the Kingdom to achieve that mission. Our ‘Banker Technologist’ program focuses on the skills needed to accelerate digital transformation at the bank and on empowering our employees to take charge of their development.”

At the end of the program, the participants started to work within the bank’s verticals and were offered the opportunity to gather insights from senior leaders, industry experts and specialized mentors from AstroLabs’ wider network through weekly sessions.

Fouad Fattal, vice president of key accounts and programs at AstroLabs, said: “We are delighted to be completing the second cohort of the ‘Banker Technologist’ program, which represents a cornerstone of our commitment as a company to foster fintech talents amid a rapid uptake in digital banking as a key pillar of the fintech industry in Saudi Arabia.”


Carrier opens regional office in Saudi Arabia

Updated 10 September 2024
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Carrier opens regional office in Saudi Arabia

Carrier Global Corporation, a global leader in intelligent climate and energy solutions, has announced the opening of its regional office in Riyadh. This strategic move underscores Carrier’s commitment to enhancing its operations in the Middle East, aligning with the region’s growth and development ambitions.

“Establishing our regional office in Riyadh is a strategic decision that aligns with our vision to be closer to our customers and partners in this rapidly growing region. Saudi Arabia’s Vision 2030 and its focus on sustainability and innovation make Riyadh an ideal location for our regional headquarters.” said Didier Genois, vice president and general manager, Carrier CHVAC Europe, Middle East, and Africa. “This move will allow us to better serve the needs of our customers and accelerate the deployment of our cutting-edge intelligent climate and energy solutions across the region.”

Tony Jabbour, managing director of CHVAC Middle East, added: “The establishment of our regional headquarters in Saudi Arabia underscores our commitment to the region and reflects our confidence in its future growth. We are enthusiastic about the opportunities this move creates for both Carrier and our customers.”

Carrier is committed to creating solutions that matter for people and the planet for generations to come. The company leads in inventing new technologies and entirely new industries, boasting a world-class, diverse workforce that puts the customer at the center of everything it does.


Cyber resilience takes center stage as MENA ISC 2024 kicks off in Riyadh

Updated 10 September 2024
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Cyber resilience takes center stage as MENA ISC 2024 kicks off in Riyadh

As the highly anticipated 12th edition of the MENA Information Security Conference kicks off on Wednesday, cybersecurity experts from around the world are set to converge in Riyadh to discuss and define the future of cyber defense in the Kingdom. Hosted by VirtuPort, this year’s theme “Hyper-Resilient Cyber: Navigating the Evolving Threat Landscape of the Interconnected World of IT, OT, IoT, IIoT and Hybrid Cloud,” shines the event’s focus on the intersection of various critical technologies shaping the modern digital ecosystem in the Kingdom and beyond.

MENA ISC 2024 will be powered by the collaboration of leading local and international cybersecurity firms whose combined market capitalization is over SR375 billion ($100 billion), including Salam, CyberKnight, Cyber Polygon (BI.ZONE) and other sponsors such as Kaspersky, Arcon, Cloudflare and Google Cloud Security, as well as PwC in the role of a knowledge partner. These partners play a crucial role in delivering key industry insights, emerging technologies real-time demonstrations and collaborative opportunities to enhance the Kingdom’s digital resilience.

Also present to boost knowledge sharing at the conference are speakers from various backgrounds, such as the distinguished speaker Craig Jones, former director of cybercrime at INTERPOL, who will lead a plenary session exploring the AI-driven cyber future, focusing on how artificial intelligence is transforming both defensive and offensive cybersecurity strategies. Also delivering a keynote will be Asma Al-Yemeni, who serves as the chief information security officer at the Technical and Vocational Training Corporation, where she is instrumental in developing and implementing robust cybersecurity strategies. With a strong background in information security and risk management, Al-Yemeni focuses on protecting sensitive data and ensuring compliance with regulatory standards. She is dedicated to fostering a culture of security awareness within the organization, empowering staff and students to recognize and mitigate potential threats and is known for her strategic vision and leadership. 

Additionally, another speaker, Reem Alzamil is the CEO of CyberX, where she leads the company in its mission to deliver in cybersecurity awareness solutions. With over a decade of experience in the technology sector, Alzamil has a proven track record of driving growth and fostering a culture of innovation. Her leadership style emphasizes collaboration and inclusivity, allowing diverse perspectives to shape the company’s strategic direction. A recognized thought leader in the Saudi cybersecurity community, she is committed to empowering organizations to navigate the complexities of the digital landscape while safeguarding their assets against evolving threats

Beyond the palette of leading cybersecurity players and insightful individual sessions, MENA ISC 2024 will offer panel discussions, live demonstrations of the latest cybersecurity technologies, and a series of interactive workshops aimed at equipping attendees with actionable insights and skills. This year’s agenda also emphasizes the importance of collaboration between government bodies, private sectors and international institutions to build a unified, hyper-resilient cybersecurity framework for one and all.

With over 3,000 expected attendees, including prominent figures from both regional and international cybersecurity landscapes, the conference is set to be the cornerstone for shaping the future of digital resilience in Saudi Arabia and beyond.


Zain KSA empowers people with disabilities in ICT sector

Updated 09 September 2024
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Zain KSA empowers people with disabilities in ICT sector

Demonstrating its commitment to empowering people with disabilities, Zain KSA has signed a memorandum of understanding with the Ministry of Human Resources and Social Development. Zain KSA will offer specialized training and development programs, along with job opportunities for individuals with disabilities as part of this agreement. Additionally, registered users on the MHRSD platform will receive exclusive offers tailored to their needs.

This collaboration seeks to empower individuals with disabilities and boost their presence in the ICT sector. This initiative demonstrates Zain KSA’s values of diversity, inclusion, and equality. By offering equal opportunities to all, Zain KSA is actively contributing to Saudi Vision 2030’s goal of enhancing social services, particularly for people with disabilities, through training, development, and integration into the workforce.

Commenting on the development, Loluwah Saad Alnowaiser, Zain KSA’s executive vice president of human resources, said: “At Zain KSA, our commitment goes beyond advancing telecommunications and digital services. We are dedicated to nurturing creativity and innovation among young talent throughout the Kingdom. Rooted in our belief that every individual possesses unique potential, we view it as our responsibility as Saudi leaders to cultivate and invest in this talent. This commitment aligns with our broader strategy to foster diversity and inclusivity within the workplace and society at large.

“Since 2018, we have actively pursued initiatives, such as the We Able initiative, to advance these goals. At Zain KSA, we are dedicated to attracting, training, and developing talented individuals with disabilities. We equip them with the scientific and professional skills needed to pursue fulfilling careers aligned with their abilities. Our goal is not just to retain this exceptional talent, but to nurture and empower them, enabling them to play an active role in community development.”

In his statement, MHRSD’s Assistant Undersecretary for Rehabilitation and Social Guidance Ahmed bin Mohammed Al-Hadithia said: “We are committed to creating an inclusive society where individuals with disabilities have equal opportunities to contribute to the nation’s social and economic progress. Our partnership with the private sector is instrumental in achieving seamless integration in this area, aligning with the ambitious goals of Saudi Vision 2030.”

Zain KSA partners with various organizations to empower individuals with disabilities to contribute to Saudi Vision 2030 goals. Most recently, the company partnered with the Authority of People with Disabilities on the Purple Saturday initiative to provide tailored and exclusive benefits to this community.


Bentley to launch new Flying Spur today

Updated 09 September 2024
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Bentley to launch new Flying Spur today

Bentley Saudi Arabia announced that the latest Grand Touring sedan — the new Flying Spur — will be launched on Sept. 10.

Reborn with the company’s new “Ultra Performance Hybrid” powertrain with 782 PS and 1,000 Nm, Bentley’s four-door supercar demonstrates the power of the possible. The new Flying Spur is not only the most powerful and most dynamic, but also the most efficient four-door car in Bentley’s 105-year history, with CO2 below 40 g/km, an e-range more than 45 miles, and total range of more than 500 miles.

The Ultra Performance Hybrid powertrain is Bentley’s future, delivering astonishing flexibility from incredibly accessible supercar performance to silent, effortless electric luxury. To launch the new Flying Spur, Bentley Motors will release a film showcasing the car’s newly-expanded dynamic capabilities — at the hands of racing stars old and new.