KSA, 26 December, 2024 : The Saudi Central Bank (SAMA) has licensed Majd Saudi Payments to provide e-wallet solutions, bringing the total number of licensed payment service providers in Saudi Arabia to 26.
This move aligns with SAMA’s efforts to enhance the efficiency of financial transactions and foster innovation in the payments sector, supporting financial inclusion across the Kingdom.
SAMA urges individuals and businesses to engage only with authorized financial institutions. A full list of licensed entities is available on SAMA's official website.
Source : www.sama.gov.saRelated Posts
Real estate has long been one of the most attractive sectors for criminals seeking to disguise illic...
Read More
For years, regulatory enforcement in AML followed a familiar pattern. A bank was found to have weak ...
Read More
For many Corporate Service Providers, customer due diligence is often viewed as the most important s...
Read More