Riyad Bank has received a certification award from MasterCard, becoming the first Saudi bank to achieve MasterCard's ether requirements for POS terminals, an innovative service that allows paying for low-value purchases by swiping the card over POS terminals without the need to insert the card into the terminal.

Riyad Bank's Executive Vice President of Corporate Banking at Riyad Bank, Mohammed Abdulaziz Abu Naga, said that this achievement adds to the bank's series of achievements over its 60-year history. On this occasion, Mohammed Abdulaziz Abulnaga, Executive Vice President of Corporate Banking at Riyad Bank, said that this achievement adds to the bank's series of achievements throughout its long history of more than sixty years, adding that Riyad Bank does not hesitate to innovate banking services worthy of its long-standing name, meet the aspirations and expectations of its customers, achieve gains for its shareholders, and contribute to serving sustainable development and the national economy under the wise leadership.

Mr. Abulnaga added that Riyad Bank will continue to provide its customers with the best banking services in the world. Abulnaga added that the service is characterized by being the easiest and fastest way and is protected from fraud. The service can also be used to pay for low-value purchases for an amount not exceeding 100 riyals per transaction and the service is applied for a cumulative amount not exceeding 300 riyals regardless of the number of transactions carried out.

Abulnaga added that the service is characterized by being the easiest and fastest way and is protected from fraud.