RIYADH: The Saudi Central Bank, also known as SAMA, has launched a point-of-sale service between the national payment network Mada and the Qatari national network NAPS, starting from Aug. 1.
The step comes following the success of the pilot technical tests between the two networks, according to a statement.
With the launch of this service, holders of Mada and NAPS cards will be able to implement point-of-sale operations in the two countries through the Gulf Payments Network, known as GCC-Net.
The GCC-Net enables bank customers of the Gulf Cooperation Council’s countries to withdraw cash from automated teller machines, in the local currency of the host country.
In addition to providing the option of payment through direct debit cards to the Gulf network through point-of-sale machines in the countries of the Council.