Referring to SAMA circular communicated via email sent on April 19, 2020, regarding The unified pricing model for POS (Point of Sale) and e-commerce services for transactions made through MADA cards. At money exchange centers, currency exchange offices, and transactions conducted through electronic wallets.

Accordingly, we hope that you can inform us about the extent of compliance with the above-mentioned circular and the application of the unified pricing model for the Point of Sale (POS) and E-commerce services by banks and payment service providers for transactions carried out using MADA cards at all exchange centers (money transfer/currency exchange), transfer centers, and international transfers conducted through electronic wallets, and provide us with this information no later than Wednesday, June 15, 2022 through the email (PaymentSystemsoversight@sama.gov.sa).

In case of any inquiries, please contact us at the designated email address.