Tag "Saudi Arabia Monetary Authority (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 Arabia Issues the Open Banking Framework

Saudi Arabia’s central bank “SAMA” announced recently the issuance of the Open Banking Framework as one of the key outputs of the Open Banking Program, which includes a comprehensive set of legislation, regulatory guidelines and technical standards based on international

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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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