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Saudi Central Bank (SAMA) · Entity licensing
SAMA Licenses Payment Fintech Company
البنك المركزي السعودي يعلن الترخيص لشركة تقنية مالية في مجال المدفوعات
No action neededAwareness
The Saudi Central Bank (SAMA) has licensed Raseed for Fintech Payments to provide payment services through point-of-sale devices. With this addition, the total number of companies licensed by SAMA to provide payment services reaches 24, alongside 6 companies that have received preliminary approval. SAMA stated that this step supports its role in enabling the fintech sector, attracting investors, and promoting financial inclusion in line with Vision 2030 objectives.
PublishedApril 3, 2023
Effective—
GazetteNot gazetted
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