How does the Kingdom of Saudi Arabia Economy benefit from SADAD?
• Time saving and efficiency improvements • Capital efficiency • Development of national standards • Catalyst for propagation of electronic services • Platform for e-Government Q6: Why did SAMA encourage electronic payments? By using Sadad electronic payment system cash usage will be reduced, fore cash usage can be risky either by being stolen, lost, or damaged. Therefore people will not need to carry cash in order to pay their bills. Q7: How will billers reduce their costs with SADAD? Costs will be reduced by: • Lower CapEx due to reduced investments in infrastructure and software development Lower OpEx due to fewer resources required to build, operate and support outsourced EBPP. • Faster collection of bills, leading to lower working capital. • Single interface point– no need to link separately with multiple banks. • Lower reconciliation processing costs. • Reduced disconnections due to delay in bill processing. • Reduced CSRs through fewer customers paying at Biller sites. Q8: What
