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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

Effective from Oct 14 2021 - Oct 13 2021
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Following Circular No. (42023876) issued by the central bank on 14/04/1442 AH regarding the standardization of SMS notification elements sent to clients of financial institutions, aimed at increasing client awareness of the transactions conducted on their accounts, memberships, and electronic wallets through the notifications sent to them.

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.