Mada Card

Mada is the national payment scheme owned by the Saudi Central Bank (SAMA) and connects all automated teller machines (ATMs) and point-of-sale (POS) terminals, as well as eCommerce stores offered by local banks and licensed FinTechs throughout Saudi Arabia to a central payment switch. This central switch then re-routes the financial transactions between a merchant's bank or FinTech and the card issuer's bank or FinTech.

The system also permits regional and global acceptance to provide mada cardholders with wider acceptance both locally and overseas.
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