Saudi Payments

Saudi Payments, established in 1991 as the "General Department of Payment Systems" and formally launched as a company in 2018, is a wholly owned subsidiary of the Saudi Arabian Monetary Authority. Its primary mandate is to operate and develop critical national payment systems. The organization plays a pivotal role in connecting public and private sectors to domestic and international payment services, thereby advancing the Kingdom's payment infrastructure. Revenue for the company stands at $27.5M, reflecting its significant financial operations within the sector.

The company provides a suite of electronic payment services, including mada, Sadad, Esal, and Sarie systems, designed for speed, flexibility, and security at a low cost. These services are instrumental in enhancing the national electronic payment ecosystem and reducing reliance on cash transactions. With an employee range of 500 - 1,000 employees, Saudi Payments focuses on operational excellence and innovation. Meet Saudi Payments's team to understand their leadership and expertise in driving these initiatives.

Saudi Payments actively supports the government's Financial Sector Development Program, a key component of the Kingdom's Vision 2030. By adhering to international standards, the company facilitates connections between local and international service providers and payment networks. This strategic approach aims to further reduce cash dependency and modernize financial transactions across Saudi Arabia, contributing to economic diversification and digital transformation.