Mada is a financial technology company that offers a wide range of digital payment solutions and services.
Mada was founded in 2007.
As a subsidiary of the Saudi Arabian Monetary Authority (SAMA), Mada was established to promote electronic payments and create a modern and secure payment environment in the country.
Mada introduced the first local debit card in Saudi Arabia in 2009.
In 2014, Mada launched the Mada Pay app, enabling users to make mobile payments easily and securely.
Mada has since expanded its services to include online payments, contactless payments, and other innovative payment solutions.
The company continues to play a significant role in transforming the payment landscape in Saudi Arabia.
STC Pay is a mobile wallet and digital payment platform in Saudi Arabia. It offers features similar to Mada Pay and competes in the mobile payment space.
Apple Pay is a mobile payment and digital wallet service by Apple. It allows users to make payments using their Apple devices, including iPhone, Apple Watch, and iPad. Apple Pay competes with Mada Pay in the mobile payment market.
PayPal is a global online payment system that supports money transfers and serves as an alternative to traditional paper methods like checks and money orders. While PayPal operates worldwide, it competes indirectly with Mada in the online payment space.
Mada Pay is a mobile payment app that allows users in Saudi Arabia to make secure and convenient payments using their smartphones. It supports contactless payments and can be used at various retail outlets, restaurants, and online merchants.
Mada offers a local debit card that can be used for safe and easy transactions at ATMs, point-of-sale terminals, and online platforms across Saudi Arabia. It provides a convenient alternative to cash payments.
Mada provides an online payment gateway that enables businesses to accept payments securely on their websites or mobile apps. It offers features such as fraud prevention, recurring payments, and multi-currency support.
To download and set up Mada Pay, visit the App Store or Google Play Store on your smartphone and search for 'Mada Pay'. Download and install the app, then follow the on-screen instructions to set up your account and add your payment information.
Mada Pay can be used at various retail outlets, restaurants, and online merchants across Saudi Arabia. Look for the Mada Pay logo or ask the merchant if they accept Mada Pay as a form of payment.
No, currently Mada Pay is only available for use within Saudi Arabia. You will not be able to make payments or access your Mada Pay account while outside the country.
Yes, Mada Pay utilizes advanced encryption and security measures to protect your payment information. It also requires authentication for each transaction, adding an extra layer of security.
You can contact Mada customer support by visiting their official website and accessing the 'Contact Us' section. They provide phone numbers and email addresses for different support inquiries.