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Asharq Al-Awsat

Business

Riyadh - Bandar Al-Mosalam

Saudi Project to Develop Quality of E-Commerce Data

e-commerce Saudi Central Bank central bank Kingdom

Buildings are seen in Riyadh, Saudi Arabia, December 18, 2017. REUTERS/Faisal Al Nasser

Considering the growth of e-commerce and the desire to improve the mechanism of data collection related to the sector, Saudi authorities informed all banks in the Kingdom of the need to abide by the operational framework and technical and operational rules for the data quality development project.

The Saudi Central Bank has confirmed that all banks must complete requirements mentioned in the operational framework and the technical and operational rules related to the data quality project, with a commitment to share data based on the transmission mechanism agreed upon by Saudi Payments.

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