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Wednesday, August 12, 2020

SAMA asked to Use ATM card for All payments

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Saudi Arabian Monetary Authority (SAMA) in Saudi Arabia to National program to combat commercial cover-up have announced everyone to use ATM cards for all kind of Shopping to reduce cash transactions.

Also directed all the small shopping stores, supermarts, Bakhalas & Tamwinat to arrange electronic methods for usage or debit or credit cards to receive payments from the customers.

SAMA asked to Use ATM card for All payments-SaudiExpatriate.com

This step was taken by the government to stop the spread of Coronavirus in the kingdom. As using Cash will spread Coronavirus from people to people.

World Health Organization(WHO) is also pushing people to use contact-less payments.

Saudi Arabian Monetary Authority has also issued directives to extend all ATM Cards validity of all banks and also asked banks to stop freezing stagnant accounts.

These directives are in tandem with the efforts being exerted by SAMA to counter the fallout of the novel coronavirus (COVID-19) pandemic.

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