By Regulatory News. March 01, 2020. SAMA published additional licensing guidelines and criteria for digital-only banks in Saudi Arabia. These guidelines are applicable to digital-only bank license applications in Saudi Arabia. The guidelines must be considered as additional requirements to be met, along with the Banking Licensing Guidelines and
The Saudi Central Bank (SAMA) announces the issuance of the Implementing Regulations for the Law of Payments and Payment Services "to support the objective of enhancing soundness and efficiency
In January 2020, SAMA introduced the Payment Service Provider Regulations ("PSP Regulations"),which requires digital payment providers to secure a license prior to starting any operation. 5 The payment services regulated by SAMA's PSP include direct debits, credit transfers, the execution of payment transactions, acquiring payment transactions,
ieKLCx. 269 468 33 465 290 241 135 57 67
sama saudi arabia regulations
