Banks will particularly benefit from lower integration and transaction processing costs …

SADAD will benefit banks in many ways, some of those benefits are listed below:

Cost Reduction:

• Lower costs due to:
  • Reduced transaction volumes at branches.
  • Reduced processing costs per transaction.
• Decreased reconciliation costs and exception handling.
• Fewer biller interfaces to develop and maintain.
• Fewer tellers / CSRs required to handle customer payments and bill inquiries.
• New costs to be partially offset through revenue sharing schemes with SADAD.

Revenue Generation:

• Compensation from SADAD
• Opportunity to cross-sell and up-sell:
  • Using freed up tellers and CSRs.
  • Greater concentration on high-value customers.
• Potential to offer new value added services through bundling and packaging.
• More attraction to potential consumers allowing them one-stop bill payment through SADAD network.

Intangibles:

• Early positioning for eGov and eCommerce initiatives.
• improved customer services through: 
  • Increasing face-time with customers.
  • Less congestion at branches.
• Enhance image by being at the forefront of leading technology.