Tag: SAMA
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Network International obtains payment licence from SAMA
Published on: June 1, 2022 Network International, a leading payment solutions provider in the Middle East and Africa, has recently announced that it has been granted a payment licence from the Saudi Arabian Monetary Authority (SAMA). This marks a significant milestone for the company as it expands its operations in the Kingdom of Saudi Arabia.…
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SAMA issues rules for regulating BNPL companies
SAMA issues rules for regulating Buy Now, Pay Later (BNPL) companies September 15, 2022 The Saudi Arabian Monetary Authority (SAMA) has announced new regulations for the operation of Buy Now, Pay Later (BNPL) companies within the country. The move aims to ensure consumer protection and financial stability in the rapidly growing BNPL industry. Key Regulations…
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SAMA Approves Jeel Pay for BNPL services
The Saudi Arabian Monetary Authority (SAMA) has officially approved Jeel Pay, the leading digital payment solution provider, to offer Buy Now Pay Later (BNPL) services in the Kingdom. With this approval, Jeel Pay becomes the first fintech company in Saudi Arabia to receive SAMA’s authorization for BNPL services. This development is expected to revolutionize the…