Saudi Central Bank

Company announcement/regulation

HyperPay secures Saudi digital payment services license

The Saudi Central Bank (SAMA) has announced the granting of a license to HyperPay Inc. Saudi Arabia for Information Systems Technology to operate digital payment services via an electronic wallet in the Kingdom.

09 January 2025

Company announcement/regulation

Saudi Central Bank authorises fintechs to practice open banking

The Saudi Central Bank (SAMA) announces the authorization of “Seen Square Fintech” and “New Technology for Software Solutions” to practice open banking activities, and “Money Moon” to practice peer-to-peer financing activities, to operate under the legislative sandbox.

06 September 2024

Company announcement/wholesale

Saudi Central Bank introduces Government banking services platform

The Saudi Central Bank (SAMA) has launched “Naqd,” a government banking services platform that provides easy access for government entities to their accounts at SAMA to conduct financial transactions through a secure digital platform.

17 July 2024