Tag: Saudi Central Bank
EdfaPay secures approvals from SAMA to launch smart SoftPOS
EdfaPay has secured technical approvals from the Payments Authorisation Centre at the Saudi Central Bank (SAMA), enabling the activation of its Smart SoftPOS services...
SAMA updates finance firms regulations to boost industry oversight
The Saudi Central Bank (SAMA) has unveiled the updated Implementing Regulation of the Finance Companies Control Law, reinforcing its supervisory and regulatory role within...
SAMA wraps up BIS Innovation Summit in Riyadh
The Saudi Central Bank (SAMA), in cooperation with the Bank for International Settlements (BIS), has concluded the BIS Innovation Summit in Riyadh, marking the...
Awn Alraidah licensed by SAMA to offer microfinance solutions
The Saudi Central Bank (SAMA) has granted a license to Awn Alraidah Company, authorizing it to engage in consumer microfinance activities through financial technology...
SAMA empowers eCommerce with new payment interface
The Saudi Central Bank (SAMA) has launched a new eCommerce payments interface, marking a significant step toward modernizing the Kingdom’s digital financial ecosystem.
This strategic...
SAMA updates credit card rules to enhance transparency
The Saudi Central Bank (SAMA) has announced ‘updated rules for issuance and operation of credit cards’ that will supersede the previous regulations governing credit...
SAMA approves licenses for 2 financial services providers
The Saudi Central Bank (SAMA) has granted a license to 'Tal Finance' in order to offer debt-based crowdfunding solutions.
This brings the total number of...
D360 Bank gets green light from SAMA to operate in Saudi...
The Saudi Central Bank (SAMA) has granted approval for D360 Bank, a licensed digital bank, to officially begin its banking operations in the Kingdom...
