Alqanoni

Article 64

Art. 64
Status unknownSaudi ArabiaRegulation

Issued by Saudi Central Bank (SAMA) Rulebook

A Payment Service Provider must ensure that Payment Transactions are executed in the currency agreed upon between the parties. Where a currency conversion service is offered at an automatic teller machine or at the point of sale or by the Payee, all fees must be disclosed to the payer as well as the exchange rate to be used for converting the Payment Transaction before executing the Payment Transactions.

The Arabic text is the legally binding version. The English translation is provided for guidance only.

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