[ad_1]
08 11 2018
Multiplied by 10 in 2018, up 978%
Recent statistics published by the Saudi Monetary Agency (SAMA) revealed that Mada Ather had recorded a considerable increase in the volume of transactions executed since the beginning of this year, with a 10-fold increase compared to the end of the year. 39, year 2017, while 22.1 million, Compared to 2 million transactions executed in December 2017, an increase of 978%, while the value of transactions executed via Mada Atheer during the month of October it's raised to 753.5 million riyals, compared to 65.9 million for the month of December 2017,%.
Statistics show that the national payment system "Mada" has recorded a cumulative growth in the volume of its operations of 44.9%, from the beginning of this year until the end of October, for reach about 826 million transactions, compared to about 570 million for the same period in 2017, The value of the operations of the outlets "MADA" during the same period exceeded 189.3 billion riyals against 163.4 billion riyals for the same period of the previous year, an increase of 16.3%.
During the month of October, Mada recorded more than 95.9 million transactions executed through the various channels of the system, including point-of-sale payments, cash withdrawals at ATMs and card payments online, against 88.5 million In September, the transactions amounted to one million transactions, an increase of 8.3%, while the value of transactions made in the last month was 19.3 billion riyals .
MADA Atheer is part of Mada's new range of services, which offers cardholders the speed, security and flexibility of electronic payments via NFC, allowing them to purchase purchases of up to 100 riyals once the card is issued. passed to the point – of – sale reader, with the option of additional option to improve the level of security thanks to the possibility of entering a secret number of the process. Since its launch in October 2016, the number of Mada cardholders has increased steadily, due to the speed and flexibility it has to make purchases, especially for low value transactions.
Advertising
Source link
