The Saudi Central Bank (SAMA) launched the instant payment system sarie, under the patronage of His Excellency Governor of the Central Bank Dr. Fahad bin Abdullah Al-Mubarak, through a virtual event organized by Saudi Payments, and attended by a number of financial and banking sectors experts and observers. Commenting on the achievement, the Central Bank Governor highlighted the utility of the new instant payment system in empowering the national infrastructure for digital payments, tracking the growth the Kingdom’s payment sector has been undergoing for over thirty years.
Source: SAMA