SAMA launches Esal

Banking Frontiers - - News | Regulator -

Saudi Ara­bia has launched an elec­tronic bill place­ment and pay­ment plat­form called Esal. The Gover­nor of Saudi Ara­bia Mon­e­tary Author­ity (SAMA) Dr Ahmed Ab­dulka­rim Alkolefi for­mally launched Esal, which is de­vel­oped by Saudi Pay­ments. The plat­form is con­sid­ered as one of the most im­por­tant ini­tia­tives of the fi­nan­cial sec­tor de­vel­op­ment pro­gram that will con­trib­ute to achiev­ing the King­dom Vision 2030. Esal in­voic­ing de­liv­ery plat­form is a ma­jor step in the dig­i­ti­za­tion of ser­vices in Saudi Ara­bia, pro­vid­ing an in­te­grated so­lu­tion for billing and pay­ments be­tween govern­ment sec­tors, busi­nesses and sup­pli­ers. The plat­form pro­vides a wide range of ad­van­tages for both sup­pli­ers and buy­ers which will help in cost re­duc­tion, op­er­a­tional ef­fi­ciency and time sav­ings of bill pre­sen­ta­tion and pay­ment.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.