SAMA licenses two fintech payment firms, bringing total to 21 

Follow-ups -eshrag News:

Fri, 2022-09-16 11:57

RIYADH: The Saudi Central Bank has licensed Arab Sea Financial Co. and Fatoorah as financial technology firms able to provide payment services for e-commerce.

This brings the total number of payment companies licensed by the central bank, also known as SAMA, to 21, with an additional five companies granted an “in-principle approval”, SAMA said in a statement on Thursday.

This move comes as part of SAMA’s role to promote the fintech sector development and ensure its ultimate stability and growth, while complying with its regulatory requirements.

Main category: 
Business & Economy

Noting that the news was copied from another site and all rights reserved to the original source.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button