New portal for e-commerce payments launched in Saudi Arabia

New system boosts online payment options, security, and integration with global networks

Last updated:
Justin Varghese, Your Money Editor
1 MIN READ
Saudi Arabia’s central bank headquarters in Riyadh.
Saudi Arabia’s central bank headquarters in Riyadh.
Bloomberg

Dubai: The Saudi Central Bank (SAMA) launched a new e-commerce payments interface, marking a major step in enhancing the Kingdom’s digital payment infrastructure.

The initiative aims to streamline online payment processes by enabling e-commerce providers to integrate with both the national “mada” payment system and international payment networks. This will offer consumers a wider range of secure and seamless payment options, using unified technical standards.

Top features?

A key feature of the interface is a centralized registration service, allowing banks and financial institutions to develop innovative financing solutions tailored to online businesses. Additionally, the system leverages advanced technologies such as payment card tokenization to bolster transaction security.

This move supports SAMA’s broader strategy to develop the digital payment ecosystem, promote fintech growth, and solidify Saudi Arabia’s position as a leader in the global payments industry. The interface is expected to benefit the rapidly growing number of online merchants, payment gateways, and service providers operating in the Kingdom.

Justin Varghese
Justin VargheseYour Money Editor
Justin is a personal finance author and seasoned business journalist with over a decade of experience. He makes it his mission to break down complex financial topics and make them clear, relatable, and relevant—helping everyday readers navigate today’s economy with confidence. Before returning to his Middle Eastern roots, where he was born and raised, Justin worked as a Business Correspondent at Reuters, reporting on equities and economic trends across both the Middle East and Asia-Pacific regions.

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