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Saudi Central Bank (SAMA) · Press Release
SAMA Permits Buy Now, Pay Later Company
البنك المركزي السعودي يصرح لشركة لممارسة نشاط الدفع الآجل
No action neededAwareness
The Saudi Central Bank (SAMA) permitted Al-Tamayoz for Application Solutions Information Technology Company to practice buy-now-pay-later activity in the Kingdom, under the Saudi Central Bank Law and the Finance Companies Control Law. The permit aims to finance customers' purchases of goods and services from stores at no cost due from the customer, and the company must comply with SAMA's regulatory and supervisory requirements.
PublishedMarch 16, 2023
Effective—
GazetteNot gazetted
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