1952
Established Saudi Central Bank
1990
Launched the Saudi Payment Network (SPAN) services for ATMs
1993
Launched the Point of Sale service.
1994
Accepted SPAN transactions in the countries of the Gulf Cooperation Council through the Gulf payments network (GCC)
2008
Implementing international security standards to all bankcards issued in the Saudi Arabia
2008
Implementing the international system for smart payment card standards
2010
Developed a five-year plan for cash handling reduction
2012
Achieved complained with the international payment card security standard (PCI)
2015
Launched the new identity of the Saudi Payment Network mada
2017
Launched two new payment services, mada atheer, mada naqd
2018
Launched mada e-Commerce service and Apple Pay
2019
Launched mada pay
2021
Launched Soft Point of Sale
2021
Developed mada e-Commerce features (Preauthorization, Card on File)
2022
Accepted Discover Diner Club Transactions in Saudi Arabia
2023
Launched mada Transit
2023
Won the “Best Payment Experience” Award at Seamless Awards for the Middle East
