SAMA announces launch of POS service between Saudi Arabia and Qatar

RIYADH — The Saudi Central Bank (SAMA) announced on Thursday the launch of a Points of Sale (POS) service between Saudi Arabia and Qatar.

SAMA clarified that the service will link the national payments network Mada and the Qatari National Network (NAPS).

The move will enable Mada and NAPS card holders to carry out point of sale operations in Saudi Arabia and Qatar through the Gulf Payments Network (GCC-Net), SAMA stated.

The GCC-Net enables…