Tag: SAMA
Saudi’s Geidea brings ‘tap-on-phone’ to facilitate contactless payment
Saudi-based fintech company, Geidea has added a 'tap-on-phone' feature for contactless payments with the aim to empower SMEs with a simple way to process...
Saudi’s PIF investments to bolster corporate credit growth: S&P
Investments made by Saudi Arabia’s sovereign wealth fund Public Investment Fund (PIF) will support credit growth among companies in the Kingdom, as per rating...
Saudi Central Bank extends deferred payment program until June 30
The Saudi Central Bank (SAMA) has extended the deferred payment scheme to facilitate private sector funding for another three months until June 30, as...
Saudi Arabia to get new instant payments system this month
The Saudi Central Bank (SAMA) has declared the launch date for a new electronic instant payments system the Kingdom has designed to reduce its...
Saudi Arabia’s credit support for SMEs surged in 2020 amid COVID-19:...
In 2020, Saudi Arabia witnessed an increase in financing provided to small and medium-sized enterprises (SMEs) by the Kingdom’s banks and financial companies despite...
SAMA encourages M&A deals in insurance sector
The Saudi Central Bank (SAMA) has issued a statement to motivate companies in the insurance sector to consider merger and acquisition (M&A) deals.
SAMA highlighted...
Zain KSA’s fintech wing Tamam secured first micro-financing license in Kingdom
The prominent mobile telecom company in Saudi Arabia, Zain KSA's fintech subsidiary Tamam Financing Company (Tamam) has officially been licensed by the Saudi Central...
Saudi Arabian Monetary Authority gets a new name – Saudi Central...
Under a new law approved by Saudi Arabia's King Salman bin Abdulaziz al-Saud, the Saudi Arabian Monetary Authority (SAMA) will be renamed to Saudi...
