SAMA Licenses “Lite Advanced Financial” Company to Provide Payment Services

البنك المركزي السعودي يرخص لشركة "لايت أدفانسد فايننشال" لمزاولة نشاط خدمات المدفوعات

The Saudi Central Bank (SAMA) announced licensing "Lite Advanced Financial" company to provide payment services via e-wallet, bringing the total number of companies licensed to provide payment services in the Kingdom to 32. SAMA stated the decision supports the payments sector and promotes innovation in financial services to enhance financial inclusion. SAMA emphasized the importance of dealing with licensed or authorized financial institutions, which can be verified via its website.

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