SAMA Grants License to HIBERBAY INK AL-SAOUDIA for E-Wallet Services

KSA, 2 January, 2024 : The Saudi Central Bank (SAMA) has granted a license to HIBERBAY INK AL-SAOUDIA For IT Systems to provide e-wallet payment solutions. This brings the total number of licensed payment service providers in Saudi Arabia to 27.

This move aligns with SAMA's commitment to enhancing the payments sector, boosting financial transaction efficiency, and fostering innovative financial solutions to promote financial inclusion.

SAMA urges the public to engage only with authorized financial institutions. A complete list of licensed entities is available on SAMA's official website.