Electronic Payments in shops mandatory from 25th August

SAMA orders banks to lend businesses money to avoid any job cuts

Electronic Payments in shops mandatory from 25th August 2020. The latest update from the Ministry of Commerce mentions about commercial establishments new rule for taking payments. This will also help in the fight against Coronavirus. Please see more announcement and details below.

Electronic Payments in shops mandatory from 25th August

  • Requiring all commercial establishments in the retail sector to provide electronic payment options as of August 25.
  • The commercial establishment has the right to prevent the consumer from entering in the event of non-compliance with the precautionary measures followed to confront a virus.
  • Ministry increases the penalties, protects the whistleblowers, and rewards the whistleblower with 30% of the fine.
  • Supervision tours of commercial establishments are continuing in cooperation with the regions’ secretariats.
  • In the presence of the text of a final court ruling, the Ministry of Commerce can defame any violator of the regulations.

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