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 * الخميس, 18 شَوَّال 1443 / Thursday, 19 May 2022
 * Saudi Payments
 * Our Brands
 * Our history
 * Join us
 * Contact us
 * العربية

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الخميس, 18 شَوَّال 1443
Thursday, 19 May 2022



OUR VISION

The national foundation of digital payments.


OUR MISSION

Enabling the payments ecosystem through secure, reliable, interoperable and
accessible back end services.


SAUDI PAYMENTS

Saudi Payments was established as a wholly owned subsidiary of SAMA with the
mandate to continue the legacy of SAMA by continuing to develop secure,
interoperable national payment infrastructure, serving banks and fintechs
equally, and providing the required standardization to ensure all providers have
a level playing field.


MADA

mada is the new identity of SPAN, that represents the innovative generation of
electronic payments in Saudi Arabia and is intended to boost ATMs and POS growth
with unprecedented dimensions of flexibility, speed, security, and acceptance.

Though a network of most advanced global technical payment systems, mada
connects all automated teller machines (ATMs) and point-of-sale (POS) terminals
offered by local banks throughout the country to a central payment switch that
in turn re-routes the financial transactions between a merchant’s bank and the
card issuer bank. The system also permits regional and global acceptance through
connecting with other payment systems such as GCC Net, VISA, MasterCard, and
American Express to provide mada cardholders with a wider acceptance locally and
overseas.

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HISTORY

 * 1952
   Saudi Arabian Monetary Authority (SAMA) was established in the Era of King
   Abdulaziz, may Allah bless his soul, under royal decrees issued on 20/4/1952.
   
 * 1990
   April, 1990, SAMA established the Saudi Payment Network (SPAN), aiming at
   encouraging the use of E-transactions provided by the banking system.
   
 * 2004
   SADAD Payments System (SADAD) was launched on 3/10/2004.
   
 * 2015
   In 2015 mada was born, which is the new identity of SPAN, that represents the
   innovative generation of electronic payments in Saudi Arabia.
   
 * 2018
   In 2018 Esal went live.
   
 * 2019
   In 2019 the General Department of Payment Systems and SADAD Payment System
   merged under the name of Saudi Payments.
   





JOIN US


WHY SAUDI PAYMENTS?

At Saudi Payments, we believe that the success of the company starts with each
individual's contribution and hence we invest in the skills and expertise of
each individual to make that happen. We aim to create a work environment that is
collaborative and innovative enabling individuals towards achieving their full
potential and we are focused towards making progress in this ever-evolving world
by encouraging innovation within the organization as managing and maintaining
payment solutions is the most crucial aspect of our business strategy.
Visit our career page


CONTACT US

Saudi Payments
King Abdullah Financial District (KAFD)
Building 5.07
Riyadh 13519
Saudi Arabia
 * +966 (0)11 829 2000
 * Info@saudipayments.com

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