This progress reflects the Kingdom’s evolution to a fintech environment that is ready and attractive for innovation, investment, and growth. Riyadh, Saudi Arabia: The Capital Market Authority (CMA) of Saudi Arabia has continued to strengthen the regulatory foundations for fintech growth, announcing that a total of 68 fintech experimental permits have been granted by the end […]
SAUDI ARABIA – TerraPay, a global money movement company, announced a strategic partnership with D360 Bank, the innovative Saudi Sharia-compliant digital bank, to power inbound money movement into the Kingdom of Saudi Arabia (KSA). With this launch, Saudi Arabia is now fully enabled for inbound of all use‑case flows – P2P (C2C), C2B, B2C, B2B, with […]
RIYADH, Saudi Arabia– Saudi National Bank (SNB), the Kingdom’s largest financial institution, today announced plans to launch a first-of-its-kind Point-of-Sale (POS) lending solution for small and medium enterprises (SMEs). The solution is powered by Tarabut, MENA’s leading regulated financial technology platform, and delivered through Geidea, one of Saudi Arabia’s leading payment solutions providers. This initiative remains subject to all necessary […]
Remitly is pleased to announce that it has signed a Letter of Intent (LOI) with tiqmo, one of the fastest-growing mobile wallet providers in the Kingdom of Saudi Arabia, to explore a strategic partnership aimed at expanding access to cross-border remittance services in the region. The LOI was signed at tiqmo’s booth during Money20/20 Middle […]
Riyadh, Saudi Arabia – 18/09/2025 – Resal, the Saudi fintech innovator transforming loyalty, rewards, and alternative finance, made a strong impact at Money20/20 Middle East, announcing three strategic milestones that underscore its ambition to lead the global programmable value economy. 1. Expansion: Resal x Runa Partnership for Global Payouts Resal announced a strategic partnership with […]
RIYADH, Kingdom of Saudi Arabia: MoneyGram, a leading global payments network for consumers, businesses and communities, and D360 Bank have signed a Memorandum of Understanding (MoU). The agreement, signed during Money 20/20 Middle East, underscores the commitment of both organizations to accelerate digital transformation and support Saudi Vision 2030’s financial sector development agenda. The collaboration will […]
Abu Dhabi, UAE: Comera Pay, licensed and regulated by the Central Bank of the UAE and part of Abu Dhabi’s Royal Group, proudly announces that it has been granted Principal Membership by Visa, a world leader in digital payments. This achievement empowers Comera Pay to directly issue Visa Prepaid and Debit cards in the UAE, strengthening its role as […]
As Saudi Arabia’s fintech sector expands at record speed, Paymentology will deliver cloud-first innovation and on-the-ground leadership to power the Kingdom’s next-generation payments. Riyadh, Saudi Arabia – Paymentology, the leading global issuer processor, today announces its commercial registration in Riyadh to expand its on-the-ground presence. This strategic expansion brings world-class card issuing and payment processing capabilities […]
Digital payments in the Kingdom have surged from 18% in 2016 to 79% by the end of last year. Riyadh, Saudi Arabia – Money20/20 MiddleEast officially opened today at the Riyadh Exhibition and Convention Center, Malham, marking a historic moment for the global and regional financial technology sector. With more than 450 global and regional fintech brands, […]
London, UK and Riyadh, Saudi Arabia – 15 September 2025 – Thunes, the Smart Superhighway to move money around the world, has announced the rollout of real-time cross-border payments into Saudi Arabia. Through its Direct Global Network, Thunes’ Members can now deliver instant payouts directly to bank accounts and wallets in the Kingdom in Saudi Riyals (SAR), streamlining […]