“SAMA” pumps more than 5 billion riyals to secure liquidity during the Hajj season in Jeddah, Mecca, and Medina. It allows pilgrims to use ATM cards issued by their country for the first time.
Announce Central Bank of Saudi Arabia, Today, about the possibility of using Pilgrims For ATM cards issued by their country for the first time during the Hajj season this year.
This step comes as part of preparations central bank To serve pilgrims, meet their financial and banking needs, and support the infrastructure of the national payment system “Mada”, which has been able to complete payments or cash withdrawals via global payment networks for years.
The bank also revealed that it pumped more than 5 billion riyals of paper and coins in various denominations to its branches in Jeddah, Mecca and Medina during the previous period, while monitoring the movement of cash on a daily basis to ensure the provision of the necessary cash liquidity during the Hajj season.
Also Read: ADNOC redeems its redeemable bonds in its distribution sector
The bank indicated that the number of ATMs and points of sale designated to serve pilgrims in the Kingdom has reached 1,220 machines, with 633 machines in Mecca, 19 mobile machines in the Holy Sites, and 568 in Medina.
And in a statement to the program “Clearly” on the Saudi government channel, “Newsletter“ The Central Bank emphasized providing services that enable pilgrims to use ATM cards issued by their country for the first time during this year’s Hajj season. This service comes within the infrastructure efforts of the national payment system “Mada” to facilitate payment and cash withdrawal operations.
For years, the infrastructure of the national payment system “Mada” has supported the completion of payment or cash withdrawal operations through global payment networks, such as “Visa”, “MasterCard”, “UnionPay”, “Discover”, “American Express”, and the network. Gulf Payments “Afaq”.
The bank announced its great preparations to serve pilgrims during this year’s Hajj season, with the aim of fully meeting their financial and banking needs. The number of bank branches operating during the Hajj season in the two holy regions and the Holy Lands, including temporary, mobile, and border branches, has reached 110 branches, in addition to bank branches operating across the Kingdom, which will reach 36 branches during the days of the Eid Al-Adha holiday.
