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SAMA unveils new govt banking services platform ‘Naqd’

The Saudi Central Bank (SAMA) has introduced ‘Naqd,’ a government banking services platform to enable government agencies to conveniently access their accounts at the...

SAMA Governor & ECB President discuss developments in central banking

Saudi Central Bank (SAMA) Governor Ayman Al-Sayari has received European Central Bank (ECB) President Christine Lagarde at SAMA headquarters in Riyadh. During the meeting, the...

SAMA issues rules to regulate BNPL companies

The Saudi Central Bank (SAMA) has issued 'Rules for regulating buy now pay later (BNPL) companies', as part of its role in supervising and...

Saudi Central Bank signs cooperation agreement with MAS

The Saudi Central Bank (SAMA) has signed a cooperation agreement with the Monetary Authority of Singapore (MAS) in the fields of fintech (finance technology)...

Saudi’s SAMA & CBUAE sign MoU for mutual supervision of insurance...

The Saudi Central Bank (SAMA) and the Central Bank of the United Arab Emirates (CBUAE) have signed a Memorandum of Understanding (MoU), which aims...

Saudi SAMA opens public consultation on implementing payment laws

The Saudi Central Bank (SAMA) has opened a public consultation on the draft implementing regulation of payments and payment services law. In the interest of...

Saudi Arabia’s expat remittance surged 19% in 2020

Saudi Arabia recorded an increase of 19.25 percent in remittances from expatriates during 2020, with the average annual transfer jumped to about $6,375.44 during...

Saudi Central Bank unveils ‘Sarie’ to promote national payments’ ecosystem

The Saudi Central Bank (SAMA) has launched the instant payment system (IPS) Sarie, under the patronage of the bank’s governor, Dr. Fahad bin Abdullah...
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