Cashless Economy

Saudi Arabia’s move towards a cash less economy propelled by COVID-19

Let us look at the usage of cash in Saudi Arabia, the largest economy in the GCC. The question is whether usage of cash is going up or going down, are people moving towards a cash less economy as is being talked about by some of the influential thinkers who believe in the digital economy. Digital technologies have brought about great ease of investing in financial securities and quick conversion to cash of such assets. With such technological developments, it...