Search Results for ""
Saudi Central Bank Adds 4 Open Banking Startups to Its Regulatory Sandbox
The Saudi Central Bank (SAMA) has added four open banking startups to its regulatory sandbox, bringing the number of companies currently operating under the sandbox to 27. 42 companies have been granted permits to operate under the regulatory sandbox to
Read More
Saudi Central Bank Grants Payment Licenses to Arab Sea Financial Company and Fatoraah
The Saudi Central Bank (SAMA) has granted e-commerce payment licenses to Arab Sea Financial Company and Fatoraah, bringing the total number of payment companies licensed by the central bank to 21 companies. This comes in addition to five payment companies
Read More
Saudi Central Bank Updates Its Regulatory Sandbox Framework to Drive Innovation
The Saudi Central Bank (SAMA) announced that it has updated its Regulatory Sandbox framework as part of its efforts to achieve national strategic goals in the Financial Sector Development Programme (FSDP), a key objective of the Saudi Vision 2030. The
Read More
Saudi Central Bank Permits 2 New Fintech Startups to Operate Under Its Regulatory Sandbox
The Saudi Central Bank (SAMA) announced granting permit to a new batch of companies; “Lean Technologies” and “Mod5r” to provide Open Banking Solutions; bringing the total number of permitted Fintech companies operating under its Regulatory Sandbox to 38. This step
Read More
Saudi Central Bank Permits 3 New Open Banking Solution Provider Through Its Regulatory Sandbox
The Saudi Central Bank (SAMA) announced granting “Bwatech”, “Rabet”, and “Mala’a”, the permit to operate under its Regulatory Sandbox, bringing the total number of its permitted FinTech companies to 35. The announcement came during the Global Entrepreneurship Congress sponsored by
Read More
Saudi Central Bank Licenses 3 New Payment Fintech Companies
The Saudi Central Bank (SAMA) announced the licensing of three new companies specialized in finance and electronic payments, during the Global Entrepreneurship Congress sponsored by His Royal Highness Mohammad bin Salman, the Crown Prince, Deputy Prime Minister and Minister of
Read More
Saudi Central Bank Grants 2 More Licenses to Payment Companies
The Saudi Central Bank (SAMA) has granted two licenses to International Digital Solutions Co and Azm Fintech Co to provide payment services. This brings the total number of payments companies licensed by SAMA to 13 companies. This step comes from
Read More
Saudi Central Bank Launches Instant Payment System Sarie
The Saudi Central Bank (SAMA) launched the instant payment system sarie, under the patronage of His Excellency Governor of the Central Bank Dr. Fahad bin Abdullah Al-Mubarak. Commenting on the achievement, the Central Bank Governor said that the launch of
Read More
Saudi Central Bank Set to Launch Instant Payment System Available 24/7
The Saudi Central Bank (SAMA) has announced that it will be launching a round the clock instant payment system effective from 21st of February onwards. Upon its activation, the system will allow financial institutions, companies, and individuals to complete transactions
Read More
Saudi Central Bank Releases Its Open Banking Framework
The Saudi Central Bank (SAMA) has issued its open banking policy which outlines its objective for implementation in Saudi and the benefits that the financial sector stands to gain from it. SAMA plans to go live with its open banking
Read More