U.S. stocks rose on Monday    Health facilities booked for 5,000 coronavirus violations    Health Ministry: 1,635 New Recoveries Reported, Critical Cases Decreased to 1,983, in Saudi Arabia    UAE detects 189 new COVID-19 cases, 227 recoveries, no deaths    Coronavirus may Shrink Global Imbalances further, in 2020, IMF Forecasts    OPEC Basket Price Stood, at $44.02    KSrelief distributes shelter materials in Saada governorate    Scores of Saudi businesswomen make the most Unaizah annual date festival    Cop assaulted in Melbourne as hundreds caught violating coronavirus regulations    Amman Stock Market Falls    HRH Crown Prince Congratulates President of Burkina Faso on Independence Day    Saudi Press: Saudi Arabia's Mining Sector Grows 3.1% during 1Q of 2020, Targets SR240 b by 2030    50% of expats working for subcontracting companies in Kuwait to be laid off    Saudi Customs eases restrictions for trucks from GCC states    Farasan Islands set to find a place on UNESCO's MAB List    Spain's former king 'leaves country' amid corruption allegations    UAE foiled 120,038 cyberattacks in July: Report    KSrelief distributes Eid gifts to orphan children in Yemen    China manufacturing PMI at record, equities mixed    UAQ FTZ and UBC forms strategic business alliance    Umm Kulthum hologram to perform at Dubai Opera    UAE Team Emirates on the podium at Strade Bianche    Long-awaited Riyadh derby, SPL games will finally kick-off with safety measures in place    India's top minister Amit Shah tests positive for coronavirus    Aubameyang double helps Arsenal beat Chelsea for 14th FA Cup trophy    Azra Aly, South African pilgrim: ‘The beginning of the rest of my life'    Paris Saint-Germain beats Lyon to win League Cup final    Eid Al-Adha Prayer Performed at the Grand Holy Mosque    Saudi Arabia's PIF ends takeover bid for Newcastle United    Saudi Pro League is back What's left to play for in the remaining eight rounds    Islam calls for protecting communities against epidemics: Sheikh Al-Manea    Pilgrims Perform Dhuhr and Asr Prayers in Arafat Holy Site    Top food magazine pays glowing tribute to ‘the queen of macarons'    Saudi Waste Management Center Signs MoU to Enhance Environmental Sustainability in Saudi Arabia    Bahrain Bourse Rises    Cruise Ships on Saudi Arabia's Red Sea Coasts Launched    Godus brothers passionate to make genuine Saudi films ‘The Book of Sun' to premiere locally during Eid Al-Adha holidays    First-ever bone marrow transplant successfully conducted in UAE    Juventus claim ninth successive Serie A title with win over Sampdoria    NWC Launches Private Sector Long-Term Investment Opportunities For Sewage Treatment Plants' Development and Operation in Saudi Arabia    Muslims in UAE asked to perform Eid Al-Adha prayers at home    Paplo Larazapal appointed international ambassador for Saudi golf    Complementary, Alternative Medicine Practicing 1st Manual Version Issued    Saudi Ithra center launches dialogue sessions with most famous creators in the world    SFDA Implements National Program to Ensure Safety of 10,000 Food Samples    Saudi Surgeon Managed to Remove Kuwaiti Girl's Brain Tumor, as French Physician Declined, in the last Moments    Senior Scholars Council Issues Decision No. 246 Regarding Attendance of Friday Prayer and Prayers at Mosques in a Case of Spread of Epidemic or Fear of its Spread    Custodian of the Two Holy Mosques Addresses Citizens and Muslims on Eid Al-Fitr    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.





Saudi Payments measures helped society adapt to COVID-19
Published in The Saudi Gazette on 02 - 07 - 2020

Saudi Payments, wholly owned subsidiary of the Saudi Arabian Monetary Authority (SAMA), highlighted during the COVID-19 pandemic the importance of the concept of electronic payment and stressed the need to spread this culture in the society.
Saudi Payments, which is also the operator of national payment systems, has standardized and organized online payments enabling more than 23 million Mada card holders to access e-commerce platforms during the recent lockdown and curfew.
In line with the package of precautionary measures to combat COVID-19, the SAMA, in cooperation Saudi Payments and local banks, raised the limit of purchases through bankcards that uses NFC technology "Mada Atheer" on POS devices from SR100 to SR300 per purchase, in order to limit contact with contaminated surfaces.
As a reflection of these developments, the number of Mada online purchases increased to 20.8 million during the first quarter of this year, while the total number of Mada services for purchases via POS devices increased to 543 million during the same period.
In addition, the first quarter of this year witnessed an increase in the volume of Mada purchases through POS devices by about 67%, compared to the same period in 2019. Mada online purchases witnessed an increase of 406%, compared to the first quarter of 2019.
The percentage of purchases through NFC technology constituted 79% of all POS purchases performed during the first quarter, with an increase of 263%, compared to the same period last year, while May 2020 recorded an increase in the total value of online purchases to reach SR3.7 billion, representing 18.1 million transactions.
The total value of Mada POS purchases increased during the same month to reach SR23.4 billion, representing 159.4 million transactions. The total number of Mada cards used to pay online increased in May 2020 to reach 5.4 million.
April 2020 recorded a remarkable increase in the total value of sales via the Internet reaching SR3 billion constituting 12.7 million transactions.
The total value of POS Mada purchases decreased as a result of the total curfew imposed during the same month to reach SR 16.1 billion, representing 121.8 million transactions.
The total number of Mada cards used to pay online during April of 2020 increased to 3.6 million. — SPA


Clic here to read the story from its source.