SAMA introduces a new e-commerce payments interface enhancing integration with global networks.

 The Saudi Central Bank, commonly known as SAMA, has unveiled a new e-commerce payments interface. This innovative system empowers e-commerce service providers by allowing them to utilize national infrastructure while integrating the mada payment system with international networks.

The introduction of this interface broadens the spectrum of payment solutions available through unified and simplified technical specifications. Additionally, it establishes a centralized registration service, enabling banks and financial institutions to present creative financing options to businesses engaged in e-commerce.

This strategic initiative seeks to boost the effectiveness of the national payment infrastructure in alignment with the rapid expansion of the e-commerce sector. Incorporating cutting-edge technologies like payment card tokenization, it significantly strengthens the security framework for electronic payment transactions.

The launch aligns with SAMA's broader strategy to fortify the electronic payment landscape, supporting future growth in e-commerce payments and delivering seamless, secure solutions. It also underpins the flourishing online business environment by accommodating an ever-growing number of digital stores and service providers, including payment gateways and technical services.

Furthermore, this development enhances digital payment metrics and aligns with fintech strategy objectives, solidifying Saudi Arabia's stature as a prominent player on the global stage in the payments industry.