Abdulmalek Alhowaimel

SAUDI PAYMENTS

Saudi Payments
, To encourage innovation and strengthen the financial sector in the Kingdom, the leading payments brands in Saudi Arabia (mada, SADAD, SARIE and Esal) bonded under the umbrella of Saudi Payments, which acts as the operator of the national payment infrastructure in the Kingdom. Which aims to achieve the developing of financial sector program goals one of vision 2030 programs. Providing payments methods suits the aspirations of our customers to support the direction of the Kingdom towards a cashless society. mada, Connects all automated teller machines (ATMs) and point-of-sale (POS) terminals throughout the country to a central payment switch that in turn re-routes the financial transactions between a merchant's bank and the card issuer bank. mada journey started in 1990 and it has undergone several evolutionary leaps in its technical infrastructure, capacity, and distribution. From the beginning mada has been implementing noticeable developments to continuously improve the quality of its services in line with global payment systems. SADAD
, A centralized system to display and pay bills through "SADAD Bills"​ and online purchase through "SADAD Account"​ SADAD's task is to facilitate and expedite the process of paying bills and purchases online through all banking channels and linking the merchant directly to the client's bank. Esal
, Is an integrated solution for all business invoices and payments in the Kingdom, which connects buyers and suppliers to facilitate the process of payments electronically. Esal covers the entire billing lifecycle, from bill raising, presenting, payment and settlement, enabling businesses to complete these transactions instantly.