Saudi Payments

Saudi authorities informed all banks in the Kingdom of the need to abide by the operational framework and technical and operational rules for the data quality development project. The Saudi Central Bank has confirmed that all banks must complete requirements mentioned in the operational framework and the technical and operational rules related to the data […]

Saudi Payments has collaborated with IBM and Mastercard to launch Saudi Arabia’s first instant payments system ‘sarie’. Operating under the supervision of the Saudi Central Bank (SAMA), Saudi Payments will enable the adoption of faster payments and accelerate improvements to banking reconciliation in the Kingdom’s financial ecosystem. ‘sarie’ system is expected to support local government, […]