SAMA set to license new providers of POS transactions in May

11/04/2018 Argaam

 

The Saudi Arabian Monetary Authority (SAMA), the Kingdom’s central bank, will license firms next month to provide point-of-sale (POS) transactions, Ziad Al Yousef, General Manager of Payment Systems at SAMA, told Al-Eqtisadiah newspaper on Wednesday.

 

The new licenses aim to facilitate access of small and medium merchants, such as groceries, to these services.

 

Meanwhile, the central bank took several measures to enhance safety and reduce fraud for a broad customer base, including the SMS Alert Service for instant monitoring of transactions, Al Yousef added in a press conference held in Riyadh.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read