Tuesday, July 8, 2025
SAMA Unveils New Digital Payments Platform to Boost E-Commerce in Saudi Arabia
The Saudi Central Bank (SAMA) has announced the implementation of a new e-commerce payments interface that allows e-commerce service providers to rely on national infrastructure while integrating the mada payment system with global payment networks. See Also: Saudi Arabia tops in the world in cybersecurity index in 2025
By standardizing and simplifying technical specifications, this increases the variety of payment methods accessible to users. Additionally, a centralized registration service is introduced to let banks and other financial institutions provide e-commerce enterprises with novel financing options.
The new interface has been strategically implemented to better accommodate the rapidly growing e-commerce industry and enhance the overall efficiency of the country's payment infrastructure.
In order to greatly improve the safety of online financial transactions, the system makes use of cutting-edge technology such as payment card tokenization. Most Viewed: Saudi Arabia bans late-night sales on food trucks
The launch is in line with SAMA's plan to strengthen the e-payment environment, facilitate the growth of e-commerce payments in the future, and provide safe and convenient payment solutions.
In addition, it supports the ever-growing e-commerce sector and the increasing number of online service providers, such as payment processors and IT support firms.
The launch also helps the financial technology plan achieve its goals and boosts digital payment indicators, further solidifying Saudi Arabia's position as a world leader in the payments business. Follow Saudi Expatriates on LinkedIn
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| SAMA Unveils New Digital Payments Platform to Boost E-Commerce in Saudi Arabia |
