The Mada system is the national electronic payment system in the Kingdom of Saudi Arabia:
1952
The Saudi Arabian Monetary Authority (SAMA) was established (currently the Saudi Central Bank).
1990
The Saudi Payments Network (SPAN) was launched.
1993
Point-of-sale (POS) service was launched.
1994
Saudi Payments Network (SPAN) transactions were accepted in the GCC countries.
2008
The international system for Saudi smart payment card standards was implemented.
2012
Mada achieved the Payment Card Industry Data Security Standard (PCI DSS).
2015
The updated identity of the Saudi Payments Network (Mada) was launched.
2016
The Mada Atheer contactless payment service was launched.
2017
The Mada Cash service was launched.
2018
The following services were launched: Mada for e-commerce, Esal (invoice service), and payment via smart devices (Apple Pay).
2019
The Mada Pay service for smart device payments was launched.
2021
The Soft POS service was implemented.
2022
Discover cards were accepted in Saudi Arabia.
2023
The Mada Public Transport Payments service was launched.
Related quizzes
