New Portal for E-Commerce Payments in Saudi Arabia

The Saudi Central Bank (SAMA) has officially launched a new e-commerce payments interface, significantly enhancing the Kingdom’s digital payment infrastructure.

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Key Features of the New Interface

• Integration Capabilities: The interface allows e-commerce providers to seamlessly connect with the national “mada” payment system as well as international payment networks. This integration offers consumers a broader range of secure payment options.
• Centralized Registration Service: This feature enables banks and financial institutions to create innovative financing solutions specifically designed for online businesses.
• Enhanced Security: The system incorporates advanced technologies, including payment card tokenization, to improve transaction security and protect consumer data.

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Strategic Goals

This initiative aligns with SAMA’s broader strategy to:

• Develop a robust digital payment ecosystem.
• Foster growth in the fintech sector.
• Strengthen Saudi Arabia’s position as a leader in the global payments industry.

Expected Impact

The new e-commerce payments interface is set to benefit the rapidly expanding number of online merchants, payment gateways, and service providers within the Kingdom, streamlining payment processes and enhancing overall user experience.

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