Saudi Arabia Central Bank to launch 24/7 instant payments for future Cashless system

Topics with Arab News, Cashless, Saudi Arabia (3)

A cashless society describes an economic state whereby financial transactions are not conducted with money in the form of physical banknotes or coins. Transactions are through the transfer of digital information (usually an electronic representation of money) between the transacting parties

Cashless societies have existed from the time when human society came into existence, based on barter and other methods of exchange, and cashless transactions have also become possible in modern times using digital currencies such as bitcoin.

What is Saudi Arabia?

Saudi Arabia, officially the Kingdom of Saudi Arabia (KSA) is a country in Western Asia constituting the bulk of the Arabian Peninsula. With a land area of approximately 2,150,000 km2 (830,000 sq mi), Saudi Arabia is geographically the largest sovereign state in the Middle East, the 2nd largest in

the Arab world (after Algeria), the 5th largest in Asia, and the 12th largest in the world. Saudi Arabia is bordered by Jordan and Iraq to the north, Kuwait to the northeast, Qatar, Bahrain, and the United Arab Emirates to the east, Oman to the southeast and Yemen to the south; most of its terrain consists of arid desert, lowland and mountains. As of October 2018, the Saudi economy was the largest in the Middle East and the 18th largest in the world. Saudi Arabia also enjoys one of the world's youngest populations; 50% of its 33.4 million people are under 25 years old.

Say, We believe in God and what was sent down to us, and what was sent down to Abraham, Ishmael, Isaac, Jacob and the Tribes, and what was given to Moses, Jesus and all the Prophets by their Lord
Quran 2:136

Jesus said to him, 'I am the way, the truth, and the life. No one comes to the Father except through me
John 14:6

Ye have heard how I said unto you, I go away, and come again unto you. If ye loved me, ye would rejoice, because I said, I go unto the Father: for my Father is greater than I
John 14:28

Hear, O Israel: The Lord our God is one Lord
Deuteronomy 6:4

The Creator of the heavens and the earth. He has made for you mates from yourselves, and for the cattle (also) mates. By this means He creates you (in the wombs)
Quran 42:11

O people of the Scripture (Jews and Christians): Come to a word that is just between us and you, that we worship none but Allah, and that we associate no partners with Him, and that none of us shall take others as lords besides Allah
Quran 3:64

I can of mine own self do nothing: as I hear, I judge: and my judgment is just; because I seek not mine own will, but the will of the Father which hath sent me
John 5:30

Indeed, We have revealed to you, (O Muhammad), as We revealed to Noah and the prophets after him. And we revealed to Abraham, Ishmael, Isaac, Jacob, the Descendants, Jesus, Job, Jonah, Aaron, and Solomon, and to David We gave the book (of Psalms)
Quran 4:163

Blessed be He Who has placed in the heaven big stars, and has placed therein a great lamp (sun), and a moon giving light. And He it is Who has put the night and the day in succession
Quran 25:61

He (Jesus) Himself stood in their midst and said to them, Peace be to you
Luke 24:36

O My servants who have transgressed against themselves, do not despair of the mercy of God. Indeed, God forgives all sins. Indeed, it is He who is the Forgiving, the Merciful
Quran 39: 53

Indeed, man is in loss, except those who have faith and do righteous deeds, and advise one another to truth and patience
Quran 103:1-3

The first of all the commandments is, Hear, O Israel; The Lord our God is one Lord
Mark 12:29

Jesus saith unto her, Touch me not; for I am not yet ascended to my Father: but go to my brethren, and say unto them, I ascend unto my Father, and your Father; and to my God, and your God
John 20:17

And about the ninth hour Jesus cried with a loud voice, saying, Eli, Eli, lama sabachthani? that is to say, My God, my God, why hast thou forsaken me?
Matthew 27:46

Verily, verily, I say unto you, The servant is not greater than his lord; neither he that is sent greater than he that sent him.
John 13:16

Jesus said unto him, Thou shalt love the Lord thy God with all thy heart, and with all thy soul, and with all thy mind
Matthew 22:37

By myself I can do nothing; I judge only as I hear, and my judgment is just, for I seek not to please myself but him who sent me.
John 5:30

Then answered Jesus and said unto them, Verily, verily, I say unto you, The Son can do nothing of himself, but what he seeth the Father do: for what things soever he doeth, these also doeth the Son likewise.
John 5:19

Not every one that saith unto me, Lord, Lord, shall enter into the kingdom of heaven; but he that doeth the will of my Father which is in heaven.
Matthew 7:21

Remember the former things, those of long ago; I am God, and there is no other; I am God, and there is none like me
Isaiah 49:9

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