Central Banking

Sama completes payments infrastructure upgrade

Card use is rapidly rising in Saudi

The Saudi Arabian Monetary Agency (Sama) has completed an overhaul of the country's card payments infrastructure, lending support to the expansion of electronic means of payment.

Sama operates both the Saudi Arabian real-time gross settlement system and the card network of ATMs and point-of-sale (POS) terminals. It is the card system, called 'mada', that has been upgraded.

A central part of the upgrade is an increase in capacity, allowing the system to cope with seven times the previous volume

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