Mada is a popular payment method in Saudi Arabia. It is an electronic payment system that allows users to make online and in-store purchases, as well as securely and conveniently transfer money.
The Mada payment system is managed by the Saudi Arabian Monetary Agency (SAMA), the central bank of Saudi Arabia. It is widely accepted throughout the country and used by many merchants and service providers.
To use Mada, you need a Mada card issued by a Saudi bank. This card is linked to your bank account and can be used with a PIN code to make payments at physical points of sale, as well as for online purchases and mobile payments.
Mada also offers peer-to-peer money transfer capabilities. You can send money to other individuals with a Mada card using their card number or mobile phone number.
In terms of security, Mada employs advanced technologies to protect transactions and user information. It’s important to note that Mada is a payment system specific to Saudi Arabia and is generally not accepted outside the country.