The Full Wiki

More info on Saudi Payments Network

Saudi Payments Network: Wikis


Note: Many of our articles have direct quotes from sources you can cite, within the Wikipedia article! This article doesn't yet, but we're working on it! See more info or our list of citable articles.


From Wikipedia, the free encyclopedia

The Saudi Payments Network (SPAN) is the only & major payment system in the kingdom of Saudi Arabia. It connects all ATM and point of sale (POS) terminals throughout the country to a central payment switch which in turn re-routes the financial transactions to the card issuer, (local bank, VISA, AMEX or MasterCard). All Banks in Saudi Arabia are required by the Saudi Arabian Monetary Agency (SAMA) to issue ATM cards fully compatible with the network. All services are provided to the customer free of charge, regardless of the ATM used, its operator, or the customer's card issuer.

There are now more than 6,000 ATMs and 55,000 POSs connected to the network and in 2006 more than 340 million transactions went through SPAN, with a total value of 160 billion SR (42.5 Billion USD).

The network has recently been upgraded to SPAN2 which is compliant with EMV standards and implements a higher capacity infrastructure and therefore less processing time, especially at POS terminals, resolving a major problem of the first generation SPAN system.

Member banks in the network

  1. Al-Rajhi Bank
  2. Al Bilad Bank
  3. Arab National Bank
  4. Bank AlJazira
  5. Emirates Bank International
  6. National Commercial Bank
  7. Riyad Bank
  8. SABB
  9. Saudi Hollandi Bank
  10. Saudi Fransi Bank
  11. Saudi Investment Bank
  12. Samba Financial Group
  13. National Bank of Kuwait
  14. Bank Muscat

See also

External links

SPAN home page


Got something to say? Make a comment.
Your name
Your email address