The Saudi Central Bank (SAMA) announced on Monday that Mada, the Kingdom’s national payment network, now supports Google Pay, one of Google’s most widely used payment services. Google Pay for Mada Card. The announcement was made during the Money20/20 Middle East conference at the Riyadh International Convention and Exhibition Center in Mulham.
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SAMA stated that this move supports the Financial Sector Development Program and reflects its ongoing efforts to enhance Saudi Arabia’s digital payments ecosystem. It demonstrates SAMA’s commitment to building a robust digital infrastructure and reducing reliance on cash by providing advanced, globally recognized payment solutions.
With this update, users can securely add and manage their Mada cards through the Google Wallet app, enabling faster, safer, and more convenient transactions.
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This initiative is part of SAMA’s broader plan to:
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Enhance the financial sector with cutting-edge digital payment solutions
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Increase financial inclusion across the Kingdom
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Expand the use of fintech on smart devices
“SAMA highlighted that adding Google Pay for Mada card is just one of several steps the Kingdom is taking to improve its payment infrastructure. The initiative aims to meet the needs of the market and make digital payments faster, safer, and more convenient for everyone.” The move also reinforces Saudi Arabia’s position as a regional hub for fintech innovation while contributing to the global growth of digital payments.
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Source- Saudi Gazette
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