Image used for illustrative purposes. A Saudi man explores a website on his laptop in Riyadh on February 11, 2014. REUTERS/Faisal Al Nasser

SAMA Issues Four Licences For FinTech Payment Companies

The Saudi Arabian Monetary Agency (SAMA) revealed that it issued four licences for several FinTech payment companies; which grant licences to STC Pay, Geidea, Halalah, and BayanPay. Based on the major financial and economic transformation in Saudi Arabia, SAMA exceeded the financial sector development target. The program had a goal to issue licenses to three...

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