SAMA Approves D360 Digital Bank Launch to Drive Innovation and Growth

KSA, 18 December, 2024 : The Saudi Central Bank (SAMA) has approved the commencement of operations for D360, one of the Kingdom’s three licensed digital banks.

This move aligns with SAMA’s efforts to enhance financial sector stability, boost competition, and foster economic growth. The launch of D360 highlights Saudi Arabia’s dynamic economy and SAMA’s commitment to innovation through a strong regulatory framework.

SAMA emphasized the role of the banking sector in achieving Saudi Vision 2030, with digital banking playing a key part in meeting national development goals.

Source : www.sama.gov.sa