Based on the powers vested to SAMA under the Saudi Central Bank Law issued by Royal Decree No. (M/36) dated 11/04/1442 H, and referring to Cabinet Decision No. 226 dated 02/05/1440 H, which affirms that SAMA is the legally authorized entity to operate payment and financial settlement systems and their services in the Kingdom and to oversee them.

We would like to inform you that the team at Saudi Payments has been working on a project to develop the payment environment using Quick Response Code (QR Code) technology. This project aims to enhance operations in accordance with the principle of interoperability of payment systems among participants in this vital sector, including banks and licensed fintech companies in the Kingdom, while striving to offer multiple payment options in line with the ongoing developments in the payments sector in the Kingdom.

Accordingly, SAMA would like to emphasize that all entities that launched the service previously must comply with the implementation of the technical and commercial requirements and standards related to the payment environment associated with this project. They are also required to carry out the necessary testing procedures by completing the technical authorization process with Saudi Payments before the end of 2021. For communication with the relevant team at the Saudi Payments Authorization Center, please contact them via email.