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Saudi Central Bank (SAMA)

Abdul Latif Jameel Finance, Ant International Partner on Saudi Fintech Initiatives

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Abdul Latif Jameel Finance, a provider of financing solutions regulated by the Saudi Central Bank (SAMA), and Ant International have signed a MoU to explore opportunities in the fintech sector in Saudi Arabia. The collaboration aims to support the growth of SMEs in the Kingdom through advanced digital services. The partnership will focus on a […]

The post Abdul Latif Jameel Finance, Ant International Partner on Saudi Fintech Initiatives appeared first on Fintechnews Middle East.

QNB Secures Saudi Central Bank License for Digital-First Bank ezbank

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QNB Group has received license approval from the Saudi Central Bank (SAMA) to establish a digital-first banking entity, ezbank, in partnership with Ajlan & Bros. Holding. The new entity will have a capital of SAR 2.5 billion. Through ezbank, QNB aims to introduce a customer-focused banking model built on innovation, efficiency, and accessibility. The initiative […]

The post QNB Secures Saudi Central Bank License for Digital-First Bank ezbank appeared first on Fintechnews Middle East.

Saudi National Bank to Launch POS Lending Solution for SMEs

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Saudi National Bank (SNB) has announced plans to launch a Point-of-Sale (POS) lending solution for SMEs. The solution will be powered by Tarabut, a regulated financial technology platform in the MENA region, and delivered through Geidea, a payment solutions provider in Saudi Arabia. The initiative is subject to all required approvals from the Saudi Central […]

The post Saudi National Bank to Launch POS Lending Solution for SMEs appeared first on Fintechnews Middle East.

Bwatech Secures $16M to Expand Corporate Fintech in Saudi Arabia

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Bwatech, a Saudi fintech firm focused on corporate financial solutions, has secured US$16 million (SAR 60 million) in a funding round led by Sharaka Financial. The investment will support the company’s expansion in the Saudi market and strengthen its role in providing financial technologies for corporate and banking operations. Bwatech’s platform allows businesses to manage […]

The post Bwatech Secures $16M to Expand Corporate Fintech in Saudi Arabia appeared first on Fintechnews Middle East.

Paymentology Registers in Riyadh to Strengthen Local Presence

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Paymentology, a London-based issuer processor, has formally registered its operations in Riyadh to strengthen its local presence in Saudi Arabia. The move aims to support the Kingdom’s growing fintech sector by providing card issuing and payment processing infrastructure to banks and fintech companies. The company, which has been active in Saudi Arabia since 2020, is […]

The post Paymentology Registers in Riyadh to Strengthen Local Presence appeared first on Fintechnews Middle East.

Saudi Arabia to Introduce Cross-Border QR Payments with Alipay+

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The Saudi Central Bank (SAMA) and Ant International, a global digital payments and financial technology provider, plan to introduce cross-border QR code payments in 2026. The system will link Saudi Arabia’s national payment scheme, mada, with Ant International’s global wallet gateway, Alipay+, aiming to support digitalisation and provide local merchants with broader payment access. Douglas […]

The post Saudi Arabia to Introduce Cross-Border QR Payments with Alipay+ appeared first on Fintechnews Middle East.

Visa Debuts First Local Cloud-hosted Acceptance Platform in Saudi

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Visa has announced that the Visa Acceptance Platform is now hosted on local cloud infrastructure in Saudi Arabia, marking the first implementation of its kind by Visa. The move is in line with the Saudi Central Bank (SAMA) mandate. The development means that businesses in Saudi Arabia will be able to accept payments more quickly […]

The post Visa Debuts First Local Cloud-hosted Acceptance Platform in Saudi appeared first on Fintechnews Middle East.

Saudi Arabia Updates Credit Card Rules to Cut Fees and Boost Transparency

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The Saudi Central Bank (SAMA) has announced an overhaul of the Kingdom’s credit card regulations, aimed at improving transparency, reducing costs for consumers, and supporting the national transition towards digital payments. The new rules will be implemented within a period of 30 to 90 days. Under the revised framework, credit card holders can expect lower […]

The post Saudi Arabia Updates Credit Card Rules to Cut Fees and Boost Transparency appeared first on Fintechnews Middle East.

Saudi Digital Bank D360 Eyes Series A in 2025, Targets Global Investors

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Saudi Arabia’s digital bank D360, backed by the Public Investment Fund (PIF), is in preliminary discussions with potential global investors as it prepares for a Series A funding round slated for the second half of 2025. The Shariah-compliant bank, which began operations in December, aims to complete the fundraising in the first quarter of 2026, […]

The post Saudi Digital Bank D360 Eyes Series A in 2025, Targets Global Investors appeared first on Fintechnews Middle East.

Saudi Central Bank Licenses Nayla Finance for Microfinance Operations

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The Saudi Central Bank (SAMA) has granted a license to Nayla Finance to operate in microfinance activities. According to a press release issued by SAMA, this brings the total number of finance companies licensed by the central bank in Saudi Arabia to 66. The statement highlighted SAMA’s commitment to supporting the finance sector, enhancing the […]

The post Saudi Central Bank Licenses Nayla Finance for Microfinance Operations appeared first on Fintechnews Middle East.

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