Riyadh: The Saudi Central Bank (SAMA) licensed 'Atyoun Litqniyat AlMalumat WalIttisalat AlMubtakirah' company to provide payment services through a Major Payment Institution. With this new addition, there are now 31 licensed companies offering payment services in Saudi Arabia.
According to Saudi Press Agency, this decision reflects SAMA's effort to support the payments sector, increase the efficiency of financial transactions, and promote innovative financial solutions for financial inclusion in Saudi Arabia.
SAMA emphasizes the importance of dealing exclusively with authorized financial institutions. To view licensed and permitted financial institutions, individuals are encouraged to visit SAMA's website.