NOORNEWS
Home🕌 Gulf🇮🇳 India🌍 International💼 Business📱 Tech🏏 Sports⚖️ Fact Checks▶️ Videos
🔍
NOORNEWS
Home🕌 Gulf🇮🇳 India🌍 International💼 Business📱 Tech🏏 Sports⚖️ Fact Checks▶️ Videos
🔍
Gulf · By NoorNews Editorial · August 11, 2026

Value of instant money transfers in Saudi Arabia jumps 26% to SR7 trillion in 30 days

According to the Saudi Gazette, the Saudi Central Bank (SAMA) has released data indicating a significant increase in the value of transactions processed through its instant money transfer system. The report states that the total value of these transactions reached SR7 trillion in June 2026, representing a 26.1 percent increase compared to the SR5.5 trillion recorded in June 2025.

The data highlights a breakdown of the transaction volume across three primary categories: customer payments, interbank payments, and other transfers. Total customer payments for June 2026 were reported at SR1.6 trillion, an increase from SR1.4 trillion in the same month of the previous year. Meanwhile, interbank payments saw a substantial rise, reaching SR5 trillion compared to SR3.8 trillion in June 2025. Other transfers accounted for SR198.6 billion of the total volume.

Further analysis of the monthly performance shows a rapid acceleration in activity between May and June 2026. Customer payments rose from SR1.2 trillion in May to SR1.6 trillion in June, while interbank payments climbed from SR3.3 trillion to SR5.1 trillion over the same period. These figures reflect the ongoing expansion and utilization of digital financial infrastructure within the Kingdom, as SAMA continues to modernize its payment systems to support the growing national economy.

Truth Score
85/100
Likely True

Why this score

The report provides specific, granular financial data attributed to the Saudi Central Bank (SAMA). While the figures are not corroborated by international wires, they are consistent with standard reporting on national financial indicators from a reputable regional source.

Cross-checked against

No corroborating trusted sources found.

Original report: Saudi Gazette

More from Gulf

Saudi Arabia issues first air raid alerts for Riyadh since Houthis escalated attacks

2 hours ago

Saudi Civil Defense issues multiple alerts across seven cities before declaring danger over

7 hours ago

Bahrain International Airport Wins Three Awards at the 2026 Skytrax World Airport Awards

7 hours ago

UAE, India Leaders Talk Bilateral Ties, Region Over the Phone

7 hours ago

Saudi Electronic University renamed Prince Musaed bin Abdulrahman University

7 hours ago

France and Kuwait Discuss Further Defense Cooperation

7 hours ago
NOORNEWS — News, Verified.  ·  Every story cross-checked against trusted sources  ·  Methodology · About · Contact · Privacy · Terms