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The Key Elements of SMS Notifications for Newly Updated Mada Transactions

Date(g): 14/10/2021 | Date(h): 8/3/1443 Status: In-Force

Translated Document

Further to SAMA Circular No. (42023876) on 14/04/1442 H regarding the standardization of notification elements sent to financial institution customers, aimed at enhancing customer awareness through notification messages for transactions on their accounts, memberships, and electronic wallets.

And due to the existence of some newly introduced transactions related to Mada transactions, the key elements of SMS notifications for those transactions are attached. Financial institutions are required to comply with sending the relevant notifications accordingly, no later than the end of the first quarter of 2022.

For your information and act accordingly, and provide SAMA with the implementation plan before the end of the working day of November 4, 2021.