The Saudi Central Bank (SAMA) has launched “Naqd,” a digital platform designed to facilitate government banking services. This platform allows government agencies to securely access their accounts at the central bank and conduct financial transactions digitally.
“Naqd” is part of SAMA’s broader strategy to enhance banking services for government agencies and support the kingdom’s digital development initiatives. The platform aims to digitize financial operations for government agencies, providing a unified and secure digital interface. It offers comprehensive access to account information, enables efficient account management, and allows for real-time monitoring of transactions.
The primary objectives of the “Naqd” platform include:
– Offering electronic banking services to support government financial transactions.
– Enhancing user experience by streamlining access and operations.
– Improving efficiency and productivity in financial transactions through the use of advanced technologies.
– Reducing the time required to complete government banking procedures.
By digitizing these services, “Naqd” seeks to modernize the financial operations of government agencies, ensuring a more efficient and secure management of their accounts at the Saudi Central Bank.
