Value of instant money transfers in Saudi Arabia jumps 26% to SR7 trillion in 30 days
RIYADH — The Saudi Central Bank (SAMA) reported that the value of transactions processed through SAMA’s instant money transfer system jumped by 26.1 percent year-on-year to SR7 trillion in June 2026, compared to SR 5.5 trillion in June 2025. The report indicated that total customer payments reached SR1.6 trillion in June 2026, up from SR1.4 trillion in June 2025. Interbank payments reached SR5…
RIYADH — The Saudi Central Bank (SAMA) revealed that the value of transactions conducted through the country's instant money transfer system surged by 26.1% year-on-year to SR7 trillion in June 2026, up from SR5.5 trillion in June 2025. Total customer payments rose to SR1.6 trillion in June 2026, compared to SR1.4 trillion in the same month last year.
Interbank payments climbed to SR5 trillion in June 2026, up from SR3.8 trillion in June 2025, while other transfers totaled SR198.6 billion in June 2026, up from SR186 billion in June 2025. The report categorized these transactions into three groups: customer payments, interbank payments, and other transactions. Customer payments alone reached SR1.6 trillion in June 2026, an increase from SR1.2 trillion in May 2026.
Interbank payments amounted to SR5.1 trillion in June, a rise from SR3.3 trillion in May 2026. Other transfers totaled SR198.6 billion in June 2026, compared to SR102.6 billion in May 2026. It is important to note that SAMA's instant money transfer system facilitates low-value interbank transfers of up to SR20,000 instantly for bank customers, companies, and individuals.
Written by urgent.news from Saudi Gazette's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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