The Saudi Payments Network (Mada) has installed 4,000 e-payment devices in several fuel and service stations across the Kingdom, Al-Eqtisadiah newspaper reported on Thursday, citing managing director Ziad Al-Yousef.
“The move, which comes ahead of ordering all fuel stations to use e-payment options next week, aims to facilitate e-payments and reduce cash transactions,” Al-Yousef said.
“Saudi Arabia will next apply e-payments in small and medium-sized enterprises, such as food trucks. Mada system will come into force to replace cash transactions with digital payments,” he added.
Al-Yousef also noted that banks are ready to install more devices at these facilities upon request of merchants.
Petrol stations in Saudi Arabia will start using e-payment options as of July 17, 2019, Argaam reported.
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