SAMA Grants License to “Tamara Finance” for Consumer Finance and BNPL Services

 KSA, 6 March, 2025 : The Saudi Central Bank (SAMA) has officially granted a license to Tamara Finance, allowing the company to offer consumer finance and buy-now-pay-later (BNPL) services in Saudi Arabia. With this new addition, the total number of finance companies licensed and permitted by SAMA has reached 65.

This move is part of SAMA's ongoing efforts to support the financial sector and enhance the efficiency of financial transactions in the Kingdom. The licensing of Tamara Finance aligns with SAMA's broader strategy to encourage innovation in the financial services industry and promote greater financial inclusion for individuals and businesses across Saudi Arabia.

SAMA emphasizes the importance of dealing only with authorized financial institutions to ensure safety and compliance with regulatory standards. For a list of all licensed and permitted financial institutions in Saudi Arabia, individuals are encouraged to visit SAMA's official website.