Based on the tasks and powers granted to SAMA under the Saudi Central Bank Law issued by Royal Decree No. (M/36) dated 11/04/1442H and the Banking Control Law issued by Royal Decree No. (M/5) dated 22/02/1386H, and referring to SAMA Circular No. (3910000075005) dated 02/07/1439H, regarding the availability of online purchasing services via the MADA bank card, and in light of the growth of the e-commerce sector in the Kingdom and the desire to improve the mechanism for collecting data related to e-commerce.

SAMA emphasizes to all banks the importance of adhering to the operational framework and technical and operational rules related to the Data Quality Improvement Project, which was shared with all banks in April 2022 by Saudi Payments. They must comply with the following:

1. First: Complete all requirements mentioned in the operational framework, and the technical and operational rules concerning the Data Quality Project.
    
2. Second: Commit to sharing data based on the agreed mechanism for sending data with Saudi Payments.

For your information and action as of this date, with emphasis on the commitment of all parties to the provisions of the Personal Data Protection Law issued by Royal Decree No. (M/19) dated 09/02/1443H concerning the retention, collection, processing, and sharing of personal data; the requirements must be completed and the above-mentioned commitments adhered to within (20) business days. Please provide Saudi Payments with the procedures that have been adopted in this regard via email: BusinessOps@saudipayments.com.