Saudi Payments allows financial technology companies to join Mada

Saudi Payments allows financial technology companies to join Mada

Saudi Payments, a wholly owned subsidiary of the Saudi Central Bank (SAMA); announced that it enabled financial technology companies to join the National Payment Network (Mada) and the licensing of two companies; namely: STC Pay and Geidea to join the network, as the first two non-bank entities. STC Pay will be able to issue Mada...

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