Saudi Payments Network

Saudi Payments Network (mada)

Native name

| الشبكة السعودية للمدفوعات (مدى)
Type| Private
Industry| Finance
Founded| 1990; 34 years ago (1990)
Founder| Saudi Ministry of Finance
Headquarters|

Riyadh, Riyadh Province

Saudi Arabia

Products| Financial services
Owner| Saudi Central Bank
Website| mada.com.sa

The Saudi Payments Network (Arabic: الشبكة السعودية للمدفوعات) or mada[1] (Arabic: مدى, formerly SPAN) is the only and major payment system in the kingdom of Saudi Arabia established by Ministry of Finance under the supervision of Saudi Central Bank. It connects all ATM and Point of Sale (PoS) terminals throughout the country to a central payment switch which in turn re-routes the financial transactions to the card issuer (local bank, Visa, American Express or MasterCard). All banks in Saudi Arabia are required by the Saudi Central Bank (SAMA) to issue ATM cards fully compatible with the network. All services are provided to the customer free of charge, regardless of the ATM used, its operator, or the customer's card issuer.

Mada provides its services through over than 17,000 ATM machines and over 225,000 POS terminals in the Kingdom. In cooperation with global payment systems such as Visa, MasterCard, and Maestro, mada allows access to millions of ATMs and POS terminals worldwide.[2]

The network has recently been upgraded to SPAN2 which is compliant with EMV standards and implements a higher capacity infrastructure and therefore less processing time, especially at POS terminals, resolving a major problem of the first generation SPAN system.

## Contents

* 1 Member banks in the network
* 2 See also
* 3 References
* 4 External links

## Member banks in the network

Mada in the door of one of the markets in Saudi Arabia.

1. Al-Rajhi Bank
2. Al Bilad Bank
3. Arab National Bank
4. Bank AlJazira
5. Emirates International Bank
6. National Commercial Bank
7. Riyad Bank
8. SABB
9. AlAwal Bank
10. Banque Saudi Fransi
11. Saudi Investment Bank
12. Samba Financial Group
13. National Bank of Kuwait
14. Bank Muscat
15. National Bank of Bahrain
16. Alinma Bank
17. Gulf International Bank

## See also

* Smart card
* Visa Inc.
* American Express
* MasterCard

## References

1. ↑ "مؤسسة النقد تدشن رسمياً مشروع الهوية الجديدة للشبكة السعودية للمدفوعات (مدى)" (in ar-SA). http://www.sama.gov.sa/ar-sa/News/Pages/News08312015.aspx.
2. ↑ "Saudi Payment Network | Electronic payment system | Mada". https://www.mada.com.sa/en/content/glance-saudi-payment-network-span/38.

## External links

* SPAN home page

* v
* t
* e

Interbank networks by region

Worldwide|

* Cirrus
* Plus

Africa|

* 123
* Multicaixa

Asia|

* 1LINK
* ALTO
* atm5
* ATM Bersama
* BancNet
* Banks ATM Network and Customer Services
* Cashnet
* CashTree
* Clearing House Automated Transfer System (CHATS)
* Dutch Bangla Bank Nexus
* Encash Network Service
* Electronic Payment Services (EPS)
* EZ-Link
* Faster Payment System (FPS)
* Isracard
* JETCO
* LankaPay
* Link
* MEPS
* MEPS+
* MITR ATM Sharing Network
* MNET
* MyClear
* National Financial Switch
* Nationlink
* NETS
* PRIMA/ATM BCA
* RuPay
* Saudi Payments Network
* Shetab Banking System
* SLIPS
* The Benefit Company
* Treats/ATM BNI
* UnionPay
* Yucho

Europe|

* 4B
* Allied Irish Banks Banklink
* Bancomat
* Eufiserv
* Euro 6000
* Euronet Worldwide
* Girocard
* Bankcard-Servicenetz
* Cash Group
* CashPool
* Groupement des Cartes Bancaires CB
* LINK
* Multibanco
* Otto.
* Sbercard
* Servired
* Single Euro Payments Area
* Vocalink
* Zolotaya Korona

North America|

* Abby
* Accel/The Exchange
* Acculink
* Alberta Regional Network
* Allpoint
* Armed Forces Financial Network
* ATH
* CarIFS
* CO-OP Financial Services
* Discover Network
* Pulse
* TYME
* FIS's
* NYCE
* SUM
* Interac
* Interlink
* Jeanie
* MoneyPass
* Presto!
* SHAZAM
* STAR
* Alert
* BankMate
* Cactus
* Cash Station
* Explore
* Honor
* Money Access Center
* Via
* MOST

Oceania|

* EFTPOS

South America|

* Banco 24 Horas
* Banelco
* A Toda Hora
* Banred
* GlobalNet
* Redbanc
* Suiche7B

* Book
* Category

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