The Saudi Central Bank (SAMA), in cooperation with Qatar Central Bank, has begun the gradual acceptance of Mada national payment network cards in Qatar and Himyan national payment cards in Saudi Arabia.
Expanding Acceptance of National Payment Cards
The Saudi Central Bank said accepting the two countries’ national payment cards builds on existing cooperation and integration in payments between Saudi Arabia and Qatar, and expands the cross-border use of Gulf national cards.
Supporting Gulf Payments Infrastructure
The move supports joint Gulf efforts to develop shared payments infrastructure, in line with the strategic objectives of economic and financial integration among the Gulf Cooperation Council countries.
