Faster Payments
Saudi Central Bank (SAMA) launches an instant payment system ‘sarie’
On Saturday the Saudi Central Bank (SAMA) launched an instant payment system ‘sarie’ . It comes as part of a series of SAMA-led initiatives to promote the national payments’ ecosystem and to enhance its infrastructure, aiming to achieve financial inclusion. Customers can send and receive low-value local transactions around the clock and for a low fee, not exceeding one riyal. The system […]