Finance:SADAD Payment System
SADAD Payment System (SADAD) was established by the Saudi Arabian Monetary Agency (SAMA) to be the national Electronic Bill Presentment and Payment (EBPP) service provider for the Kingdom of Saudi Arabia (KSA). The core mandate for SADAD is to facilitate and streamline bill payment transactions of end consumers through all channels of the Kingdom’s Banks. SADAD was launched on October 3, 2004.
SADAD links the commercial sector and local banks, offering the ability to collect customer payments electronically through all the banking channels in the kingdom 24 hours a day.
History & Background
SAMA mandated that all banks must accept bill payments at their branches from anyone. The payer does not have to be a customer of the bank. Pre-SADAD economics of bill payment placed an unduly large burden on banks; it was inefficient and slow. Banks recovered a small portion of the cost through keeping the collected money for varying periods of 7–30 days after the bill was paid.
Approximately 60-70% of bills were paid in cash at bank branches. Due to the high number of bills generated in the Kingdom, this results in high costs for banks in front office, payment processing, IT integration and reconciliation. In addition, consumers queue for a long time at banks’ front office desks before paying their bills. Bill presentment and collection is largely manual and paper-based creating significant inefficiencies and overheads for billers and banks.
Large billers formed bilateral agreements with banks in order to enhance bill payments collection. This enabled consumers to use their bank channels to view and pay bills (without any bill consolidation). It required every biller to connect to the 12 different banks operating in KSA and from banks to connect separately to every biller they are under contract with.
SAMA chose to integrate these connections through SADAD, which is a single platform that links different billers and banks to enable the consumers to use the electronic channels of any bank. SADAD is now facilitating the payment of high-volume periodic bills (such as utility bills and phone bills) and customer initiated payments, such as traffic fines.
How Sadad Works
- Billers send summary bills information to SADAD at a pre-determined schedule
- SADAD validates data received and uploads it into its database
- SADAD notifies Billers of any discrepancies
- Customer requests bill(s) information through Bank channels(1)
- The Bank forwards the request received to SADAD
- SADAD retrieves bill information from its database and forwards it to customer
- Customer selects the bill(s) to be paid and the respective amount(s)
- The Bank debits the customer account and confirms the transaction
- SADAD updates its database based on the Bank’s confirmation(2)
- SADAD notifies relevant Biller(s) accordingly
- At the end of the day, Billers receive reconciliation reports from SADAD showing a breakdown of all transactions processed by SADAD
- At the end of the day, SADAD initiates settlement instructions through SARIE
- SADAD updates bills status to “settled”
Connected Billers
Here is a list of the billers connected to "SADAD Payment System".[1]
| Connected Billers | |||||||
| Biller | Code | ||||||
|---|---|---|---|---|---|---|---|
| Educational Services (9) | |||||||
| King Abdul Aziz University | 9 | ||||||
| Al-Yamamah University | 72 | ||||||
| King Saud University | 80 | ||||||
| Arab Open University (AOU) | 17 | ||||||
| King Abdulaziz City For Science And Technology (KACST) | 105 | ||||||
| Taibah University | 106 | ||||||
| King Faisal University | 118 | ||||||
| King Fahd University of Petroleum & Minerals | 117 | ||||||
| Umm Al-Qura University | 132 | ||||||
| Saudi Electronic University | 137 | ||||||
| Financial and Insurance services (20) | |||||||
| SHB Credit Cards | 31 | ||||||
| NCCI | 3 | ||||||
| Samba Financial Group (credit card) | 12 | ||||||
| NCB (credit card and Personal Finance) | 16 | ||||||
| American Express | 18 | ||||||
| SABB PS | 29 | ||||||
| Awan For Market Data | 39 | ||||||
| Mubasher | 34 | ||||||
| Falcon Credit Card from NCB | 56 | ||||||
| Bank Al-Jazira Credit Card and Financing Services | 78 | ||||||
| Arab National Bank Payments | 82 | ||||||
| AlRajhi Bank Services | 54 | ||||||
| Riyad Bank Payments | 67 | ||||||
| Saudi Credit Bureau (SIMAH) | 36 | ||||||
| Banque Saudi Fransi Payment Services | 71 | ||||||
| Emirates NBD Payments | 125 | ||||||
| Nayifat Installment Company | 124 | ||||||
| Al Rajhi Takaful | 110 | ||||||
| Bupa Arabia for Cooperative Insurance | 130 | ||||||
| Arabian Shield Cooperative Insurance Company | 136 | ||||||
| Government Services (65) | |||||||
| Madina Municipality | 6 | ||||||
| Ministry of Water and Electricity | 15 | ||||||
| Riyadh Municipality | 10 | ||||||
| The Department of Zakat & Income Tax | 20 | ||||||
| Holy Makkah Municipality | 27 | ||||||
| Jeddah Municipality | 28 | ||||||
| Communications and Information Technology Commission | 42 | ||||||
| Eastern Province Municipality | 25 | ||||||
| JEDDAH Chamber of Commerce and Industry | 19 | ||||||
| The Saudi Arabian Agricultural Bank | 45 | ||||||
| Saudi Arabian Standards Organization | 49 | ||||||
| Saudi Customs | 30 | ||||||
| Ministry of Commerce and Industry | 13 | ||||||
| General Commission for Tourism and Antiquities | 57 | ||||||
| Saudi Credit and Saving Bank | 58 | ||||||
| Tabouk Province Municipality | 62 | ||||||
| Hail Province Municipality | 61 | ||||||
| Jazan Province Municipality | 64 | ||||||
| Ministry of Transport | 75 | ||||||
| Qiyas | 8 | ||||||
| Ministry of Culture and Information | 51 | ||||||
| Ministry of Labor | 50 | ||||||
| Riyadh Chamber of Commerce and Industry | 73 | ||||||
| AlQassim Province Municipality | 70 | ||||||
| Real Estate Development Fund | 40 | ||||||
| The Saudi Industrial Property Authority (Modon) | 68 | ||||||
| The General Organization for Social Insurance (GOSI) | 60 | ||||||
| Aseer Province Municipality | 84 | ||||||
| Ministry of Finance | 88 | ||||||
| MOI-Alien Control | 90 | ||||||
| MOI-Driving License | 91 | ||||||
| MOI-Saudi Passport | 92 | ||||||
| MOI-Traffic Violation | 93 | ||||||
| MOI-Motor Vehicle | 94 | ||||||
| MOI-Labour Importation | 95 | ||||||
| MOI-Civil Registration | 96 | ||||||
| Najran Province Municipality | 87 | ||||||
| AlJouf Provence Municipality | 103 | ||||||
| Saudi Port Authority | 89 | ||||||
| Ministry of Islamic Affairs (MOIA) | 77 | ||||||
| Ministry of Social Affairs (Global Goodness) | 66 | ||||||
| Municipality of Northern Borders | 102 | ||||||
| Saudi Food And Drugs Authority | 109 | ||||||
| General Authority of Civil Aviation | 98 | ||||||
| Baha Province Municipality | 104 | ||||||
| AlAhsa Municipality | 112 | ||||||
| Royal Commission in Yanbu (RCY) | 46 | ||||||
| Taif Municipality | 113 | ||||||
| Saudi Arabian General Investment Authority (SAGIA) | 108 | ||||||
| Deputy Ministry for Mineral Resources (DMMR) | 116 | ||||||
| ABHA Chamber of Commerce and Industry | 114 | ||||||
| MOI Deportation Sentences | 126 | ||||||
| MOI Deportation Control | 127 | ||||||
| Ministry of Health | 128 | ||||||
| SAUDI COUNCIL OF ENGINEERS | 123 | ||||||
| Government E-Procurement Project | 141 | ||||||
| Industrial Cities Development and Operating Co. | 145 | ||||||
| Saudi Heart Association | 133 | ||||||
| Ejar | 153 | ||||||
| Economic Cities Authority | 154 | ||||||
| Royal Commission for Jubail (RCJ) joined SADAD | 146 | ||||||
| Saudi Industrial Development Fund | 143 | ||||||
| ASHARQIA Chamber | 139 | ||||||
| Ministry of Foreign Affairs | 101 | ||||||
| Ministry of Justice | 160 | ||||||
| Ministry of Municipal and Rural Affairs. | 177 | ||||||
| Other Services (18) | |||||||
| Maestro Pizza (920017777 / maestropizza.com ) | 1041 | ||||||
| Alyusr Instalment Co. | 24 | ||||||
| AlYamamah Press Establishment | 47 | ||||||
| AL-Jazirah Newspaper | 53 | ||||||
| Arab Media Company | 76 | ||||||
| Aljomaih Automotive Company | 52 | ||||||
| Al Amthal Financing and Leasing Co. Ltd. | 79 | ||||||
| Dar Alyoum pressing, printing and publishing | 74 | ||||||
| Tajeer Company | 63 | ||||||
| ALJABR TRADING COMPANY | 86 | ||||||
| United Instalment Sales Company | 65 | ||||||
| Al-Hamrani Company for Investment in Trade | 23 | ||||||
| United Electronics company (Extra) | 134 | ||||||
| Saudi commission for Health Specialties | 129 | ||||||
| Arabian Tasheelat Establishment (TASHEEL) | 131 | ||||||
| Saudi Home Loans | 147 | ||||||
| AQSAT International Trading Company | 69 | ||||||
| Dar Al-Hayat for Distribution | 121 | ||||||
| Mawarid | 157 | ||||||
| Technology and Media (10) | |||||||
| SaudiNet | 38 | ||||||
| Cyberia | 59 | ||||||
| Showtime | 32 | ||||||
| Sahara Net | 48 | ||||||
| AwalNet | 41 | ||||||
| Saudi Business Machines | 83 | ||||||
| Integrated Telecom Company | 55 | ||||||
| Al-Elm Information Security | 85 | ||||||
| Ola Almajd Trading Co. (AL MAJD TV channels) | 81 | ||||||
| Thiqah Business Services | 144 | ||||||
| Telecommunications and Utilities (19) | |||||||
| Saudi Telecom Company | 1 | ||||||
| Saudi Electricity Company | 2 | ||||||
| Mobily | 5 | ||||||
| Marafiq | 4 | ||||||
| The Saudi Home PC initiative | 7 | ||||||
| Bravo | 14 | ||||||
| Saudi Post | 21 | ||||||
| Cadre Economic Cities | 35 | ||||||
| Zain telecommunication company | 44 | ||||||
| Go Telecom (Etihad Atheeb Telecom Company) | 33 | ||||||
| Saudi Project for Utilization of Hajj Meat | 43 | ||||||
| Perfect Presentation Telecommunication & IT (2P) | 107 | ||||||
| International Water Distribution Company Ltd. | 122 | ||||||
| King Abdulaziz City for Sciences and Technology | 105 | ||||||
| National Water Company | 138 | ||||||
| SAUDI e-Tabadul Company | 135 | ||||||
| National Gas and Industrialization Company | 148 | ||||||
| Virgin Mobile | 151 | ||||||
| Saudi Telecom Company (SAWA) | 149 | ||||||
| Transportation Services (4) | |||||||
| Nas Air | 26 | ||||||
| Saudi Arabian Airlines | 22 | ||||||
| Saudi Railways Organization (SRO) | 120 | ||||||
| SAPTCO | 150 | ||||||
See also
- Electronic billing
- E-commerce payment systems
- Saudi Payments Network (SPAN)
References
External links
- http://www.sadad.com/en/ (English Version)
SADAD Logo
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