Tag "SAMA"
Saudi Central Bank Allocates Payment Licenses To Network International Arabia and Barraq
The Saudi Central Bank (SAMA) licensed “Network International Arabia” to provide payment services through points-of-sale (POS), and “Barraq” to offer e-wallet services. With the addition of these two companies, there are now 27 licensed companies offering payment services in Saudi
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Saudi Central Bank Finalizes Regulations for Law of Payment Services
The Saudi Central Bank (SAMA) announces the issuance of the Implementing Regulations for the Law of Payments and Payment Services to support the objective of enhancing soundness and efficiency of the payment systems infrastructure in Saudi Arabia. The relevant regulatory
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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 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
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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
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