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2024-01-06

Enabling the Provision of Various Types of Electronic Payments for Charities and Non-Profit Organizations

The Saudi Central Bank, in coordination with relevant authorities, has authorized charities and non-profit organizations to utilize various approved electronic payment solutions, including mobile (GPRS) point-of-sale devices. This directive amends previous regulations that restricted these entities to landline-connected POS terminals and fourth-generation technology upgrades, contingent upon obtaining approval from the National Center for Non-Profit Sector Development. The updated framework takes immediate effect and applies to all domestic banks, payment service companies, and Saudi Payments Company.

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Saudi Arabia

Saudi Central Bank

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Saudi Central Bank

Reference No.: 45040399 Date: 1445/06/25 Attachments:

Circular

To the Esteemed, Peace, mercy, and blessings of God be upon you,

Subject: Enabling the Provision of Various Types of Electronic Payments for Charities and Non-Profit Organizations.

In continuation of the Saudi Central Bank regulations communicated via Circular No. (119129/1000/371) dated 1437/11/18H, which required charities and non-profit organizations to refrain from issuing mobile point-of-sale (GPRS) devices and replace them with landline-connected POS devices, and Circular No. (4106159) dated 1441/11/H, issued regarding upgrading POS devices operating in the Kingdom to fourth-generation technology.

We inform you that, in coordination with relevant authorities, it has been decided to enable the provision of Central Bank-approved electronic payment solutions, including mobile point-of-sale (GPRS) devices, provided that charities or non-profit organizations obtain approval from the National Center for Non-Profit Sector Development to utilize this service.

For information and action, effective as of its date.

Yours sincerely,

Yazeed bin Ahmed Al-Sheikh Deputy Governor for Supervision

Distribution Scope:

  • Banks and financial institutions operating in the Kingdom.
  • Payment service companies operating in the Kingdom.
  • Saudi Payments Company.
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