Saudi central bank raises monthly e-wallet top-up to 20,000 riyals

he decision was taken an additional precaution by the monetary authority against possible coronavirus transmission. (AFP)
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Updated 26 March 2020

Saudi central bank raises monthly e-wallet top-up to 20,000 riyals

DUBAI: The Saudi Arabian Monetary Authority has informed licensed Payment Services Providers (PSPs) in the Kingdom with its decision to raise the allowed top-up of the monthly ceiling limit for e-wallets up to 20,000 riyals.

The decision was taken an additional precaution by the monetary authority against possible coronavirus transmission as well as boosting digital payment transactions.

“This should contribute to the hygiene of the users of the digital payments, and smoothen their payment transactions via e-wallets applications provided by those PSPs,” the Saudi central bank said in a statement.

It also emphasized that PSPs should implement a number of procedures in accordance with its latest pronouncement, including the provision of needed support to the clients by providing the appropriate communication channels, as well as issuing guidance and instructions on the services they provide.


Saudi Arabia to extend visa validity for expats

Updated 08 April 2020

Saudi Arabia to extend visa validity for expats

  • The extension will continue for an additional three months for expats

DUBAI: Saudi Arabia’s General Directorate of Passports will extend the validity of exit and return visas – that expire between Feb. 25 until May 24 of 2020 – at no charge, state news agency SPA reported on Wednesday.
The extension will continue for an additional three months for expats. The decision will cover residents of commercial and industrial professions in the Kingdom and those whose visas have not been used during the suspension of the entry and exit period.
The General Directorate of Passports said that the extension will be done automatically from the system without reviewing the passports.
People can enter their accounts on the “Absher” platform to view the service provided to them electronically, it added.