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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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