Saudi Payments Launches Instant Payments System 'sarie' in Cooperation with IBM and Mastercard USA - English News provided by Share this article Share this article ARMONK, N.Y. and RIYADH, Saudi Arabia, April 21, 2021 /PRNewswire/ -- Saudi Payments, under the supervision of the Saudi Central Bank (SAMA) announced the launch of Saudi Arabia's instant payments system 'sarie' in cooperation with IBM (NYSE: IBM) and Mastercard (NYSE: MA), the leading technology company in the global payments industry. This collaboration marks a key milestone for payments innovation in the region and is aligned with Saudi Payments' aim to improve the Kingdom's financial ecosystem, mainly through the adoption of faster payments and improvements to banking reconciliation. Today, 'sarie' supports all Saudi banks across the Kingdom and is available for use by their customers.