Referring to the strategic directions of the Financial Sector Development Program in reducing cash transactions and enhancing electronic payments in order to reach a cashless society. I inform you of SAMA's cooperation with the Ministry of Commerce and Investment and the Ministry of Municipal and Rural Affairs, leading to a decision to oblige all gas stations in the Kingdom and their affiliated service centers to provide point-of-sale services through the national payment system (Mada), starting from Sunday, 11/11/1440 H.

I would like to emphasize the importance of this decision and its alignment with the general strategies of institutions aimed at enhancing the principle of financial inclusion and reducing the percentage of cash transactions in order to achieve the goals of Saudi Vision 2030.

To ensure the success of efforts to activate this decision and to guarantee the banking sector's readiness to meet the expeted volume of demands, it is necessary for banks to verify the following:

First: Readiness to receive applications for opening bank accounts for gas station owners and their affiliated service centers, and to respond quickly to these requests.

Second: Readiness to receive requests for providing point-of-sale devices and responding through various bank channels, such as branches, online banking, and phone banking, to facilitate this requirement for gas station operators and their affiliated service centers, and to adhere to the specified maintenance times as stipulated in the Mada standards document and service level agreements.

Third: Limiting the use of the reduced pricing model for gas stations mentioned in SAMA's instructions issued under Circular No. 361000111820 dated 18/8/1436 H should be limited to fuel sales services only, and should not be used for any other services related to gas stations.

Fourth: Internally circulate this decision to bank employees to ensure they have a sufficient understanding when receiving requests and inquiries in this regard.

For your information, please act accordingly and inform all relevant departments and branches.