Formed by Saudi Payments, this local payment scheme for debit cards in the Kingdom of Saudi Arabia is one of the fastest-growing payment systems in the region with over 30 million Mada cards in circulation today and a couple of billion transactions that are routed through this system. It also makes up 70% of all the online transactions processed in Saudi Arabia with credit cards only making up 30% of all online transactions.
So if you have customers in Saudi Arabia, this is an important payment method to have enabled on your website or mobile app to ensure trust and maximum conversions.
Currently, Mada payments is available for merchants with Saudi bank account since payouts need to be made in Saudi Riyals, as below:-
1- Saudi nationally with Saudi bank account
2- Saudi business license with Saudi business bank account.
If you already have a bank account in Saudi and would like to enable Mada payments on your website or mobile app or within goCollect, all you need to do is to request for it. Just message our customer experience agents through the live chat available on the website or goCollect app and we’ll have it enabled for you in less than 24 hours.
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