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Tabby to acquire Saudi digital wallet TweeqTabby, the MENA’s leading shopping and financial services app, has entered into an agreement to acquire Tweeq, a Saudi-based digital wallet licensed by the Saudi Central Bank (SAMA), during 24 Fintech (September 3-5), Saudi’s flagshi More… |
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Saudi Central Bank reserve assets surge to SAR1.7 trillion in Q2The reserve assets of the Saudi Central Bank (Sama) achieved an annual growth rate of 5.5%, with an increase of around SAR92 billion ($24.4 billion), bringing the total to SAR1.754 trillion ($465 billion) by the end of the second quarter of 20 More… |
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Saudi CenBank launches government banking services platformThe Saudi Central Bank (SAMA) has introduced 'Naqd,' a government banking services platform. A vital tool, it enables government agencies to conveniently access their accounts at the central bank More… |
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Saudi Central Bank approves stc pay transition to STC BankIn a significant move, Saudi Arabia's leading mobile wallet, stc pay, has received approval from the Saudi Central Bank (SAMA) to proceed with its transformation into STC Bank, thus entering into its next phase of its transformation journe More… |
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Saudi Central Bank approves stc pay transition to STC BankIn a significant move, Saudi Arabia's leading mobile wallet, stc pay, has received approval from the Saudi Central Bank (SAMA) to proceed with its transformation into STC Bank, thus entering into its next phase of its transformation journe More… |
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Network to advance Saudi payment ecosystem with new licenceNetwork International (Network), a leading enabler of digital commerce across the Middle East and Africa (MEA) region, has obtained a Major Payment Institution (Major PI) licence from the Saudi Central Bank (SAMA) that it said will strengthen it More… |
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Spending by inbound visitors to Saudi tops $26.6bnSaudi Arabia achieved a record spending by visitors coming to the Kingdom of SAR100 billion ($26.67 billion) until the end of the third quarter of 2023, according to new data. The data on the travel item in the More… |
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Saudi Arabia issues new rules to regulate BNPL companiesThe Saudi Central Bank (SAMA) has issued new rules for regulating the 'Buy now pay later (BNPL) companies, in a move that reflects SAMA’s continuous efforts to develop the financial sector as a whole and empower the fintech sector in More… |
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SAMA sets regulatory framework for Saudi payments sectorThe Saudi Central Bank (SAMA) has issued the Implementing Regulations for the Law of Payments and Payment Services to support the objective of enhancing the soundness and efficiency of the payment systems infrastructure in Saudi Arabia. More… |
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Saudi Central Bank seeks public views on BNPL firms regulationThe Saudi Central Bank (SAMA) is seeking public consultation on the draft “Rules for Regulating Buy Now Pay Later (BNPL) Companies.” In the interest of transparency and wider participation, SA More… |
