About Us
In the Kingdom of Saudi Arabia coin circulation and management is a key concern.
CoinStation will exchange coins into paper money or cashless transactions straight into the wallet. CoinStation is modeled to address the key concerns and issues being faced by the Central Bank and Merchants in the KSA. It is focused to address the coin circulation management in the kingdom through digital channels and meeting the Saudi Vision 2030
- Greatly reduce or potentially eliminate the constant need for re-minting coins for the Central Bank as whatever is in circulation will continue to be used through our service.
- Overseas shipment of coins will be greatly reduced almost eliminated as coin circulation will progress with our service.
- Support the Central Bank with management information and reports related to coin circulation.
Meeting the Saudi Vision 2030- At present 75% of transactions are cash transactions. The vision is to reduce this to 30% and has 70% cashless transactions. Our service will greatly support this and will be a pillar to ensure it is achieved.
SERVICES & SOLUTIONS
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Implementation & Deployment
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