​​​​​Sarie

​​ The s​arie system is one of the national payment systems owned by the Saudi Central Bank (SAMA), which was launched in 2021. The system was designed to facilitate low-value money transfers (equal or less than 20,000 SAR) among local banks. It also accelerates the process of sending and receiving transfers, ensuring they are processed instantly, 24/7, throughout the year.

MADA

This system allows the use of alternative identifiers to IBAN, such as mobile number, national ID number, residence permit, email address, or unified number for commercial establishments. This results in enabling customers to transfer funds directly without the need to add or activate the beneficiary for transfers of equal or less than 2,500 SAR.​

<div class="payment-system-card__body"><div class="row g-3"><div class="col-12 col-md-6 aos-init aos-animate" data-aos="fade-up"><div class="icon-card"><div class="icon-card__icon round-sm"> <img src="/_layouts/15/SAMA.Portal/assets/images/money-transfer.svg" alt="MADA"/> ​<br/></div><div class="icon-card__content"><h4 class="title"> <span style="color: #205b45;">Instant money transfer </span></h4><p class="description"> It can send money directly to any bank account around the clock using IBAN or alternative identifiers (national ID/residence number, mobile, email, unified number for commercial establishments).</p></div></div></div><div class="col-12 col-md-6 aos-init aos-animate" data-aos="fade-up"><div class="icon-card"><div class="icon-card__icon round-sm"> <img src="/_layouts/15/SAMA.Portal/assets/images/account-verification.svg" alt="MADA"/> ​<span id="ms-rterangecursor-start" rtenodeid="1"></span><span id="ms-rterangecursor-end"></span><br/></div><div class="icon-card__content"><h4 class="title"> <span style="color: #205b45;">Account verification </span></h4><p class="description"> It can verify the beneficiary&#39;s name instantly before adding it or sending a quick transfer. </p></div></div></div><div class="col-12 col-md-6 aos-init aos-animate" data-aos="fade-up"><div class="icon-card"><div class="icon-card__icon round-sm"> <img src="/_layouts/15/SAMA.Portal/assets/images/circle-check.svg" alt="MADA"/> </div><div class="icon-card__content"><h4 class="title"> <span style="color: #205b45;">Corporate account verification </span></h4><p class="description"> It can ensure that the account matches the identity of its owner and knows its status before transferring.<br/></p></div></div></div></div></div>
<div class="payment-system-card"><div class="payment-system-card__body"><h4 class="title mb-2">Speed ​​and flexibility</h4><div class="row g-3 mb-4"><div class="col-12 aos-init aos-animate" data-aos="fade-up"><div class="list-icon-card light-card"><div class="card-icon">&#160;</div><div class="card-content"><h6 class="card-title"> ​Transferring money instantly. </h6></div></div></div><div class="col-12 aos-init aos-animate" data-aos="fade-up" data-aos-delay="100"><div class="list-icon-card light-card"><div class="card-icon">&#160;</div><div class="card-content"><h6 class="card-title"> Available 24/7 </h6></div></div></div></div><h4 class="title mb-2">Ease of use<br/></h4><div class="row g-3 mb-4"><div class="col-12 aos-init aos-animate" data-aos="fade-up"><div class="list-icon-card light-card"><div class="card-icon">&#160;</div><div class="card-content"><h6 class="card-title"> ​Transferring through alternate identifiers. </h6></div></div></div></div><h4 class="title mb-2">​Security and reliability<br/></h4><div class="row g-3 mb-4"><div class="col-12 aos-init aos-animate" data-aos="fade-up"><div class="list-icon-card light-card"><div class="card-icon">&#160;</div><div class="card-content"><h6 class="card-title"> ​Validating the account before transferring. </h6></div></div></div></div><h4 class="title mb-2">Development and standards<br/></h4><div class="row g-3 mb-4"><div class="col-12 aos-init aos-animate" data-aos="fade-up"><div class="card-content"><div class="row g-3 mb-4"><div class="col-12 aos-init aos-animate" data-aos="fade-up"><div class="list-icon-card light-card"><div class="card-icon">&#160;</div><div class="card-content"><h6 class="card-title"> ​Scalability to meet market needs. </h6></div></div></div><div class="col-12 aos-init aos-animate" data-aos="fade-up" data-aos-delay="100"><div class="list-icon-card light-card"><div class="card-icon">&#160;</div><div class="card-content"><h6 class="card-title"> ​Full compliance with international standards. </h6></div></div></div><div class="col-12 aos-init aos-animate" data-aos="fade-up" data-aos-delay="100"><div class="list-icon-card light-card"><div class="card-icon">&#160;</div><div class="card-content"><h6 class="card-title"> Interoperability and compatibility with regional and global instant payment systems in accordance with ISO 20022.</h6></div></div></div></div></div></div></div></div></div>​<br/><br/>​<br/>
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