Saudi Payments: Switches on instant payment system

April 22, 2021

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Saudi Payments: Switches on instant payment system

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Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

Saudi Payments  encourage innovation and strengthen the financial sector in the Kingdom, the leading payments brands in Saudi Arabia
Announced the launch of Saudi Arabia’s instant payments system ‘sarie’ in cooperation with IBM and Mastercard
This collaboration marks a key milestone for payments innovation in the region and aligned with Saudi Payments’
Today, ‘sarie’ supports all Saudi banks across the Kingdom and available for use by their customers
The introduction of ‘sarie’ in line with Saudi Arabia’s Financial Sector Development Program (FSDP) under Saudi Vision 2030
Saudi Payments selected IBM GBS the services and consultancy arm of IBM, to lead the project as the SI partner