Payment and settlement system in Saudi Arabia: A multidimensional study

A country’s payment and settlement system refers to means or instruments, procedures, supportive technical services of clearance, fund transfer, final settlement. To study the various dimensions system, an online survey was administered 240 responses were collected from Saudi non-Saudi nationals, while secondary data obtained SAMA (Saudi Arabian Monetary Authority) website. Index numbers, percentages, ranks, Average Trend Growth Rate, weights are applied get mutual growth trend, average growth, contribution specific in Arabia. There negative trends traditional Based on value (amount) transactions, Mada (Debit card) E-payment (SADAD – a SARIE Riyal Interbank Express) most significant contributors (51.63%), POS (point sale) is fastest-growing (158%) The negligibly (< 1%) contribute analysis reveals that users unsatisfied with security (39%) traceability (35%) systems All must be considered increase degree satisfaction payments and, particular, settlements Acknowledgment authors grateful Deanship Scientific Research, Prince Sattam Bin Abdulaziz University, Alkharj, Arabia, for providing funding complete this project (Project No. 2021/02/18709).