The Saudi Arabian Monetary Authority (SAMA) announces the extension of the program to support fees for point of sale operations and e-commerce for all stores and private sector establishments for an additional three months ending on September 14, 2020 AD. This comes in line with its role to enable the financial sector to support the private sector in the Kingdom; To mitigate the expected financial and economic impacts on it under the current circumstances.

                SAMA reported; The program aims to support participants in the payments ecosystem in the Kingdom, and to ensure the continuity of growth and expansion in providing safe and effective payment services. Noting in this regard that it informed all licensed banks and payment service providers to exempt stores in the private sector from transaction fees for the additional period mentioned above.