Search Results for "Saudi Central Bank"

The 5 Digital Banks in Saudi Arabia You Need to Know

Digital banking in Saudi Arabia is at a particularly interesting junction right now. Much has been said about how the country is at the precipice of a banking revolution, but the results have perhaps been slow to show. There’s a

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5 Trends Driving Open Banking in the Middle East 2021

Open banking in the Middle East has become one of the latest buzzwords to come out of the region’s accelerated fintech agenda. Many countries in the region already had a sturdy traditional banking ecosystem. Now, with a growing incentive to

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Finleap and Batelco Partner to Boost Open Banking in the MENA Region

European fintech ecosystem builder finleap entered into a strategic partnership with Bahraini telecoms company Batelco, according to an announcement earlier this week. The partnership is aimed at promoting open banking in the MENA region. Batelco recently became the first GCC-based

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Gen Z, Millennials Drive Saudi Fintech Adoption

Cash usage is declining amongst growing Saudi fintech adoption, according to the findings of Fintech Saudi’s National Fintech Adoption Survey. Fintech Saudi announced the results of the National Fintech Adoption Survey, which it conducted in early 2021. The survey assesses

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9 Startups Lead Saudi Fintech Startup Funding in H1 2021

The first half of 2021 has been eventful for Saudi fintech startup funding. H1 saw deal sizes ranging from as little as US$670,000 to a hefty US$110 million. Moreover, ranking second by funding in the MENA region, VC funding increased

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Open Banking Forum

Regional regulators such as UAE Central Bank, Saudi Arabian Monetary Authority, Central Bank of Oman and Central Bank of Bahrain are devoting diligent efforts to open banking initiatives and services through further collaboration with the market. In line with this

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STC Pay Clinches One of the Two Digital Bank Licenses in Saudi

The Saudi cabinet has granted a digital bank license to STC Pay, a digital payments company which is a fully owned subsidiary of Saudi Telecom. STC Pay will be converted into a local digital bank, with a capital of SAR

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Saudi Fintech Tweeq Raises an Undisclosed Seven-Figure Funding

Tweeq, a Saudi-based provider of spending accounts for individuals and SMEs, announced the closure of an undisclosed seven-figure investment round, co-led by STV and Raed Ventures. The funding round, which follows on the heels of the company’s exclusive partnership with

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Saudi Payments Unveils Instant Payments System Sarie With IBM and Mastercard

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 and Mastercard. ‘sarie’ now supports all Saudi banks across the Kingdom and is available for

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Saudi’s Buy Now Pay Later Platform Raises US$ 110 Million Led by Checkout.com

Tamara, a Saudi Buy Now, Pay Later (BNPL) platform announced the closing of its Series A funding round by raising US$ 110 million led by Checkout.com. The cash injection will be used by the company to scale its team, expand

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