Saudi cbank urged to reduce POS terminals fees by 60%

15/06/2015 Argaam

The Council of Saudi Chambers of Commerce and Industry (CSC) urged the Saudi Arabian Monetary Agency (SAMA), the kingdom’s central bank, to reduce fees charged on using point-of-sale transaction terminals by about 60 percent, Saudi-based Okaz newspaper reported.

 

The council added that keeping the current fees would raise food prices higher for consumers. 

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