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Fast & Secure Payment

History

About mada

mada is the national payment scheme of Saudi Arabia, enables electronic payments through various channels, including point-of-sale (POS) terminals, SoftPOS, automated teller machines (ATMs), and an E-commerce website across Saudi Arabia through a central payment system that, in return, re-routes the financial transactions performed by issuer cards.

1990

Launching the Saudi Payment Network (SPAN) services for ATMs

1993

Expanding the scope of the Saudi Payment Network (SPAN) and launching the POS service

1994

Acceptance of the operations of the Saudi network for payments in the countries of the Gulf Cooperation Council through the Gulf payments network

2008

Implementing the international system for smart payment card standards

2010

Developed a five-year plan from 2010 to 2015

2012

Compliance with the international payment card security standard PCI

2015

Launching the updated identity of the Saudi Payment Network (mada)

2017

Launching the Naqd & atheer services

2018

Launching mada e-commerce service

2018

Launching the Apple Pay payment service

2019

Launching mada Pay through a smart devices

2021

Launching the Soft POS service

2021

Developing mada e-commerce services (Pre-auth, COF)

2022

Acceptance of Discover card transactions

Who we serve

Card holders

mada provides a convenient and secure payment option for cardholders in Saudi Arabia, with a range of features and benefits to meet their needs.

Who we serve

Merchants

mada offers merchants a set of services that helps them grow their business volume and enhance their financial control

Our statistics

mada numbers in 2023

+1.7M POS Devices
+8.9B Transactions
+613.9B SAR Transaction Value
+8.6B NFC Transactions
+575.6B SAR NFC Transactions
+ 47.7 M mada's Card

Our partners

Mada Ecosystem consist of a combination of players that interact with each other during the payment transaction process—such as issuers and acquirers, International Schemes networks, payment processors, payment gateways, etc