mada Loop

mada loop

Saudi Arabia Payment Network (mada loop app) is committed to maintain and enhance of ATM and PoS

terminal standards across the Saudi Arabia

In order to improve services offered by banks to their customers (mada loop app), you can download the

mada loop app to evaluate the quality, functionality of PoS and ATMs.

Using mada loop app, you can audit ATM / PoS terminals working condition, visibility and visual

display etc… along with operational service levels by conducting actual transactions.

As part of process, you can take the photos of the ATM / PoS terminal along with receipts / slip

collected during the audit.

About mada loop app

mada loop app is the new identity of SPAN, that represents the innovative generation of electronic

payments in Saudi Arabia and is intended to boost ATMSs and POS growth with unprecedented

dimensions of flexibility, speed, security, and acceptance.

Though a network of most advanced global technical payment systems, mada loop app connects all

automated teller machines (ATMs) and point-of-sale (POS) terminals offered by local banks

throughout the country to a central payment switch that in turn re-routes the financial

transactions between a merchant’s bank and the card issuer bank. The system also permits

regional and global acceptance through connecting with other payment systems such as GCC

Net, VISA, MasterCard, and American Express to provide mada loop app cardholders with a wider

acceptance locally and overseas.



mada loop app features

A seven-fold enhanced routing capacity in comparison to the previous generation.

An unprecedented standard of enhanced transactions performance and speed.

Widespread accessibility.

Instant SMS notifications to cardholders on any cash withdrawals or POS transactions.

Increased daily transaction purchase limit at PoS terminals from SAR 20,000 to SAR 60,000.

Value-added services Purchase with Cash Back service that gives cardholders the

convenience of withdrawing cash with their purchase at the merchant outlet.


How mada loop app card works

mada loop app card is a debit card issued by local banks that allows a cardholder to access funds in their

accounts. This accessibility can be in the form of cash withdrawals at ATMs or through

payments for goods and services at Point of Sale (PoS) terminals in thousands of outlets in

KSA.

mada loop app acceptance

Locally: with the advanced technical infrastructure of SPAN, mada loop app payment cards gives

introduces cardholders access to a wide network of ATMS (over than 16,000 ATM machines)

and POS terminals (over 160,000 terminals) found in tens of thousands of retails outlets across

the different regions in KSA.

Regionally: usage of mada loop app cards is permissible within the Gulf Cooperation Council (GCC)

through GCCnet as cardholders can conveniently withdraw cash and make purchases at PoS

terminals in the GCC countries.

Globally: mada loop app payment cards may also be co-branded with other global payment schemes

such as “Visa”, “MasterCard”, “Cirrus”, “Plus”, and “Maestro” which allow the use of the card in

millions of ATMs and POS terminals outside Saudi Arabia.