About mada
mada is the national payment scheme of Saudi Arabia, enables electronic payments through various channels, including point-of-sale (POS) terminals, SoftPOS, automated teller machines (ATMs), and an E-commerce website across Saudi Arabia through a central payment system that, in return, re-routes the financial transactions performed by issuer cards.
1990
Launching the Saudi Payment Network (SPAN) services for ATMs
1993
Expanding the scope of the Saudi Payment Network (SPAN) and launching the POS service
1994
Acceptance of the operations of the Saudi network for payments in the countries of the Gulf Cooperation Council through the Gulf payments network
2008
Implementing the international system for smart payment card standards
2010
Developed a five-year plan from 2010 to 2015
2012
Compliance with the international payment card security standard PCI
2015
Launching the updated identity of the Saudi Payment Network (mada)
2017
Launching the Naqd & atheer services
2018
Launching mada e-commerce service
2018
Launching the Apple Pay payment service
2019
Launching mada Pay through a smart devices
2021
Launching the Soft POS service
2021
Developing mada e-commerce services (Pre-auth, COF)
2022
Acceptance of Discover card transactions
Card holders
mada provides a convenient and secure payment option for cardholders in Saudi Arabia, with a range of features and benefits to meet their needs.
Merchants
mada offers merchants a set of services that helps them grow their business volume and enhance their financial control
Our statistics
mada numbers in 2023
1.7M
POS Devices
8.9B
Transactions
613.9B
SAR Transaction Value
8.6B
NFC Transactions
575.6B
SAR NFC Transactions
47.7 M
mada's Card
Our partners
Mada Ecosystem consist of a combination of players that interact with each other during the payment transaction process—such as issuers and acquirers, International Schemes networks, payment processors, payment gateways, etc
