23 Hrs
Source:
المدينة
Instant transfers reach 7 trillion riyals
The Saudi Rapid Payment Transfer System experienced a significant increase of 46.9% in June 2026, reaching 7 trillion riyals, compared to 4.7 trillion riyals in May 2026. Data also showed a notable rise in total payments between customers and banks, with the amount of other transfer transactions amounting to 198.6 billion riyals in the same month. Year-over-year, the value of transactions increased by 26.1% compared to one billion riyals in June 2025, despite a 1% decline in instant payments in June 2026 compared to the previous month.
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