In his speech, Al-Khelaifi stressed that the Financial Sector Development Program is one of the programs of the Kingdom's Vision 2030 and is based on several pillars, the most important of which is working to increase the percentage of non-cash transactions and promote financial inclusion for small and medium-sized enterprises through the adoption of modern technologies and digital transformation in the financial sector.
Al-Khelaifi said
”Based on the Kingdom's Vision 2030 and our full adoption of the objectives and pillars of the Financial Sector Development Program, we launched the receipt platform with our team at Saudi Payments, under the supervision of the Saudi Arabian Monetary Agency, to provide more digital solutions that will contribute to reducing the costs of financial transactions and enhancing the efficiency of the institutional environment, by facilitating the invoicing of suppliers of government agencies and various business sectors and allowing them to be paid electronically.“
He added that the receipt platform has been designed to be a key factor in improving the business environment in the Kingdom by providing features that make it easier for organizations to manage invoices and payments, including but not limited to the ability to view invoice details, transaction summary, track invoice payment status, reconcile transactions and reconcile collections through an integrated electronic platform.
Receipt platform promotes transparency
Al Khulaifi explained that the ”Receipt” platform has a broader contribution in enhancing transparency among customers through it, reducing the risks and costs of cash collection, as well as ensuring the accuracy of monitoring financial flows to government agencies and public finance purposes.Al Khulaifi explained that the ”Receipt” platform has a broader contribution in the field of enhancing transparency among customers through it, while reducing the risks of cash collection and reducing its costs.
Selected real estate news links from News Issue 174:
قروض عقارية – الاستثمار الأجنبي – عقارات – قروض عقارية – الاستثمار الأجنبي
cleared the confusion on which the judicial rulings were based.
Cabinet decides to apply the regulation of housing subsidies to all applications submitted to the Real Estate Fund
Registered more than 7000 establishments. HRDF's appreciable efforts for SME entrepreneurship
<a class="row-title" href="https://www.amlak.net.sa/home/---4--/“ aria-label=”https://www.amlak.net.sa/home/---4--/
السوق العقارية تسجل تراجعاً في إجمالي قيمة صفقاتها بنسبة 14%
<a class=”row-title" href="https://www.amlak.net.sa/home/-----/
<a class="row-title" href="https://www.amlak.net.sa/home/----/" aria-label="https://www.amlak.net.sa/home/----/“ aria-label=“https://www.amlak.net.sa/home/----/
UK house prices rise in May”(edit)“>UK house prices rise in May
Jude Housing platform reveals support for more than 219 beneficiaries in the 'Rent Support' track
