Saudi Central Bank adds Geidea Solutions, STC Pay to national payment system
- Date: 29-Apr-2021
- Source: Zawya
- Sector:Financial Services
- Country:Saudi Arabia
Saudi Central Bank adds Geidea Solutions, STC Pay to national payment system
Saudi Payments, a wholly owned subsidiary of Saudi Central Bank (SAMA), has added Geidea Solutions and STC Pay to the national payment system (Mada) as the first two non-bank entities.
STC Pay will be able to issue Mada cards (digital and plastic), which will allow customers to make electronic payments through points of sale and websites, or to withdraw cash through ATMs inside the Kingdom, Saudi Payments said in a statement.
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