SAUDI ARABIA

Mada card holders can do online shopping from next month

March 21, 2018

RIYADH – Starting April 1, all Mada debit card holders may be able to do online shopping, the Saudi Arabian Monetary Authority (SAMA), the Saudi central bank, announced on Wednesday.

It permitted banks operating in the Kingdom to enable Mada card holders to pay and purchase via the Internet as of April 1, 2018, Saudi Press Agency (SPA) reported Wednesday.

Mada debit card is issued by local banks that allows a cardholder to access funds in their accounts and carry out online transactions such as paying utility bills and government fees.

All local electronic stores in the Kingdom will now accept Mada cards.

There are more than 29 million Mada cards in the local market.

Director General of the Payments Systems Administration at SAMA Ziyad Al-Yusuf said that a text message will be sent to user’s mobile confirming the completion of the operation.

There is also an option to choose activation or cancel it via the electronic channels of the bank that issued the card, Al-Yusuf added.


March 21, 2018
23258 views
HIGHLIGHTS
SAUDI ARABIA
13 hours ago

Moody's upgrades Saudi Arabia's credit rating to Aa3 with stable outlook

SAUDI ARABIA
15 hours ago

Riyadh Metro to begin partial operations next Wednesday: Report

SAUDI ARABIA
17 hours ago

Saudi musical marvels takes center stage in Tokyo’s iconic opera hall