SAMA launches Esal
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.