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The Saudi Arabian Monetary Authority

The Saudi Arabian Monetary Authority latest

Saudi Arabia's E-Payments Exceed Target, Amounts to Over 36 Percent of All Payments
November 28th, 2019 - 10:00 GMT

Saudi Arabia's E-Payments Exceed Target, Amounts to Over 36 Percent of All Payments

The Saudi Arabian Monetary Authority (SAMA) revealed that electronic payments for the retail sector amounted to more than 36 percent of all payments available, exceeding the target percentage of the Financial Sector Development Program. SAMA indicated that the program, one of Vision 2030 programs, stipulates that the share of non-cash transactions should be increased by 28 percent by 2020. This achievement is based on SAMA's strategy for payment systems and ...
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