Saudi Arabia · Account Transfer · Est. 2021
Saudi Arabia's instant payment system launched by the Saudi Central Bank (SAMA) as part of the Vision 2030 digital transformation agenda. sarie (meaning "fast" in Arabic) enables 24/7 real-time transfers between banks and fintech providers via IBAN or mobile number, with settlement in seconds. Built on ISO 20022 messaging, it supports P2P, P2M, and bulk payments. The system is a key enabler of Saudi Arabia's goal to increase non-cash transactions to 70% by 2030.
Sarie is Saudi Arabia’s real-time payment system (Account Transfer), launched in 2021. Saudi Arabias instant payment system launched by the Saudi Central Bank (SAMA) as part of the Vision 2030 digital transformation agenda.
Sarie processed 750.0 million transactions worth $621.0bn in 2025, a year-on-year change of +26.5%.
Sarie is operated by SAMA, with instant settlement.
Sarie launched in 2021, and today has 30 participating institutions.
Sarie supports proxy/alias lookup, ISO 20022 messaging.
Data source: SAMA.
| Capability | Status |
|---|---|
| QR Code Payments | — |
| Wallet Support | — |
| 24/7 Availability | ✓ |
| Cross-Border | — |
| ISO 20022 | ✓ |
| Request to Pay | — |
| Open API | ◐ |
| Alias/Proxy | ✓ |