- Nusuk Wallet, the first international digital wallet for Umrah and Hajj pilgrims, was introduced by the Saudi National Bank and the Ministry of Hajj and Umrah.
- Nusuk Wallet offers a banking infrastructure that uses cutting-edge technology like artificial intelligence (AI), encryption, and biometric identification verification to help pilgrims manage their money and spending.
- For this wallet, there are rules and regulations set by the Saudi Central Bank, which is to tell about financial security. If you are the head of the business which will make the Hajj experience better then you can get in touch with the Ministry of Human Resources.
Jeddah on the 4th day of June 2024, The collaborative initiative between The Saudi National Bank (SNB AlAhli) and The Ministry of Hajj and Umrah (MoHU) has led to the establishment of Nusuk Wallet - the world’s earliest universal electronic purse dedicated strictly toward Umrah and Hajj travelers. Yesterday, the Nusuk Wallet was unveiled.SNB AlAhli, through its brand NEO, Nusuk Wallet, provides a banking infrastructure that supports this digital wallet, enabling guests of God to manage their finances and expenses. The wallet utilizes the latest emerging technologies and encryption techniques to guarantee the utmost protection of users' financial transactions.
Dr. Tawfiq Al-Rabiah, Minister of Hajj and Umrah, was the one who officially brought the digital wallet into being in front of a number of officials."Since the launch of the digital wallet, we have realized six achievements at both the local and international levels," stated Ahmed bin Sulaiman Al-Maiman, Director of the Digital Experience at the Ministry of Human Resources. It is the first digital wallet and international bank card in the world, and it gives Hajj pilgrims and Umrah performers the ability to manage their finances while they are doing rites. Our goal is to develop a successful super-app that caters to the needs of pilgrims, and this move puts us closer to achieving that goal.
Advanced technologies within the wallet also include AI, encryption, and biometric identity verification, not to mention advanced technologies related to API and integrated SDKs. These make it revolutionary in the area of technical services, for there is an overlap between innovative technology and the needs of users. "It is also the first open-loop digital wallet embedded within an application in the world, designed to help Hajj pilgrims and Umrah performers manage their money," according to the researcher.
Dr. Saleh bin Ibrahim Al-Furaih, the Chief Executive Officer of SNB AlAhli's Digital Ventures and Payments, has reportedly stated that Nusuk Wallet adheres to the regulations set by the Saudi Central Bank (SAMA). These guidelines help to ensure the highest possible levels of financial security and regulatory compliance. The Ministry of Human Resources has confirmed its full readiness to work with all concerned parties on projects aimed at upgrading the experience of the Guests of God, and in this regard, it is open to new ideas and solutions. It has also invited private sector companies to send proposals to the following email address: [email protected].
