Riyadh, Saudi Arabia – The Saudi Central Bank (SAMA) has officially licensed Tal Finance Co. to provide debt-based crowdfunding solutions, further expanding the Kingdom’s innovative financial ecosystem. With the inclusion of Tal Finance, the total number of companies authorized to offer debt-based crowdfunding solutions in Saudi Arabia now stands at 12. Additionally, the number of […]
The Saudi Central Bank (SAMA) has announced the licensing of Majd Saudi Payments Company to provide payment services via electronic wallets. This addition raises the total number of licensed payment service providers in the Kingdom to 26 companies. This strategic move underscores SAMA’s commitment to bolstering and empowering the payments sector by enhancing the efficiency […]
December 23, 2024 Saudi Arabia, Riyadh – EdfaPay is pleased to announce the obtaining of a technical license as a Mobile Point-of-Sale (Soft-POS) technology provider from the Saudi Central Bank (SAMA). This milestone aligns with EdfaPay’s continuous efforts to enhance digital innovation in the payments sector and provide advanced and secure technological solutions that meet […]
Riyadh: Citigroup, one of the leading financial institutions in the US, has received approval to establish its regional headquarters in Riyadh, Saudi Arabia, marking a significant milestone in its expansion strategy within the Kingdom. According to an internal memo obtained by Reuters, the Wall Street giant secured the authorization from the Ministry of Investment Saudi […]
Riyadh, Saudi Arabia – Emkan Finance, a leading Saudi fintech company renowned for its innovative financing solutions, has officially received a license from the Saudi Central Bank (SAMA) to offer deferred payment services, popularly known as “Buy Now, Pay Later” (BNPL). The announcement comes in conjunction with Emkan’s participation as a strategic partner in the […]