European Central Bank calls for merchants to participate in digital euro pilot
The 12-month test will put a beta version of the central bank currency through online, mobile, in-store and peer-to-peer payments.
Saudi Central Bank (SAMA) and Qatar Central Bank have partnered to enable national payment cards "mada" in Qatar and "HIMYAN" in Saudi Arabia to be accepted across borders. This move signifies the two nations' ongoing collaboration and integration in the payments sector. The expansion of national card acceptance aligns with the Gulf Cooperation Council's (GCC) broader goal of developing shared payment infrastructure and enhancing economic and financial integration among GCC countries.
The Gulf Payment Network (GCC-NET) provides Gulf nationals and expatriates with the ability to withdraw cash from ATMs and make payments at Point of Sale (POS) terminals using GCC network debit cards. This initiative aims to simplify, expedite, and reduce the cost of payments for customers while enhancing overall service quality across the GCC region.
Written by urgent.news from Saudi Gazette's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- SAMA, Qatar Central Bank enable Mada–Himyan national card payments saudigazette.com.sa