Saudi Arabia

Fintech Saudi Ties up With Flat6Labs to Launch a Fintech Accelerator Programme

Powered by startup accelerator Flat6Labs, Fintech Saudi is launching its Fintech Accelerator, an intensive 3-months innovation and entrepreneurship programme.  The programme brings together Fintech Saudi’s market reach and Flat6Labs’ resources to provide up to ten fintech startups with the best

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Spiros Margaris Appointed to Saudi’s STC Pay’s Board of Directors

Spiros Margaris, Swiss venture capitalist and founder of Margaris Ventures, shared on Twitter that he would be a Board Member and Member of the Executive Committee of digital wallet STC Pay. STC Pay, a subsidiary of the Saudi Telecom Company,

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A Growing Fintech Ecosystem Is Emerging In Saudi Arabia

The fintech landscape in Saudi is said to be rapidly developing according to the Fintech Saudi Annual Report 2019/ 2020, which provides an overview of key developments in the region. Some of the updates over the last year includes the

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Tabby’s Pay Later Solution Launches in Saudi

tabby, a UAE-based Fintech startup, has launched its “Buy Now Pay Later” solution in Saudi Arabia after completing its latest round of funding. The solution enables shoppers to make instant and interest-free installments when they complete their online purchases. The

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Saudi Monetary Authority Deployed Blockchain Tech for Money Transfer With Local Banks

Saudi Arabian Monetary Authority (SAMA) has recently used blockchain technology to deposit part of the liquidity that SAMA had previously announced, to be injected into the banking sector, as part of SAMA’s actions aimed at enhancing the sector’s capabilities to

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Pay Later Solution Tabby Secures $7m Funding to Launch in Saudi Arabia

Tabby, the UAE-based FinTech startup and the region’s first Buy Now Pay Later solution, today announced it has raised $7M to fund its growth and launch its offering in Saudi Arabia. The funding round was led by Raed Ventures with

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Saudi Arabia Permits New Fintech Companies to Operate in Regulatory Sandbox

The Saudi Arabian Monetary Authority (SAMA) announced that it has Permitted 9 FinTech Companies as a new batch to operate in the Regulatory Sandbox. These companies have, therefore joined the list of companies permitted in the two previous cohorts, bringing

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Saudi Banks Need to Accelerate Digital Transformation Plans Amid COVID-19 Disruptions

Banks in Saudi Arabia have to revisit their digital transformation plans and strive to launch new channels that will sustain delivery of products and services amid the Covid-19 pandemic, according to the findings of a new report released KPMG Al

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A QR-based National Payment System for Saudi Arabia

To enhance the electronic payment throughout Saudi Arabia and reduce the dependence on cash, High-tech Payment Systems (HPS) has been appointed by Saudi Payments, a fully owned subsidiary of Saudi Arabia Monetary Authority (SAMA), to provide a unified QR code

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BayanPay Gets Licensed by the Saudi Arabian Monetary Authority

Finablr network brand BayanPay, a Saudi Arabia-based digital payment solutions provider, has been awarded a payment services provider licence by the Saudi Arabian Monetary Authority (SAMA). Following its successful graduation from the SAMA regulatory sandbox, BayanPay will offer digital wallets, e-commerce

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