SAMA raises e-wallet top-up limit to 4.800 EUR

Thursday 26 March 2020 12:30 CET | News

The Saudi Arabian Monetary Authority (SAMA) has decided to raise the allowed top-up of the monthly ceiling limit for e-wallets up to 4.800 EUR (20.000 SAR). 

According to Menafm, the decision is based on SAMA's supervisory and regulatory role and is in line with the goal of increasing the digital payment transactions, in accordance with the procedures taken to prevent the spread of the COVID-19.

SAMA also explained that PSPs should implement a number of procedures such as providing the appropriate communication channels to help the clients, as well as providing the required guidance and instructions of the services they provide.

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Keywords: SAMA, e-wallet, top-up, SAR, digital payments, COVID-19, PSPs
Categories: Payments & Commerce
Countries: Saudi Arabia
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