SAMA Launches Government Banking Services Platform "Naqd"

The Saudi Central Bank (SAMA) has launched "Naqd," a government banking services platform that provides easy access for government entities to their accounts at SAMA to conduct financial transactions through a secure digital platform. This initiative is part of SAMA's strategy to deliver banking services to government entities, as well as supporting digital development. The platform aims to digitize financial transactions of government entities on their accounts at SAMA by offering a unified and secure digital platform. This platform facilitates access to their account information at all times, enables management of their accounts efficiently, and provides instant monitoring of transactions to and from government entities. This platform offers electronic banking services that support government financial transactions, improves user experience, enhances efficiency and productivity in financial transactions using the latest technologies, and reduces the time required to complete government banking procedures.​