Every StartupHub.today article filed under Sama.
Tabby, the financial services app, has secured two key licenses from the Saudi Central Bank (SAMA) for consumer and SME financing. This approval empowers Tabby to roll out long-term payment plans for purchases up to SAR 50,000 and provide crucial working capital support for small and medium-sized businesses across Saudi Arabia.
Bank Albilad just launched its new company, Dafaa Finance, to shake up consumer lending in Saudi Arabia! After getting the green light from SAMA, Dafaa Finance will offer super flexible installment plans, helping more people access financial services and pushing forward digital transformation across the Kingdom.
Yuno, a leading financial technology platform, has officially secured a PTSP license from the Saudi Central Bank (SAMA). This exciting development allows Yuno to significantly enhance digital payment services across Saudi Arabia, supporting its expansion into the region's rapidly growing e-commerce market.
Saudi Arabia's Central Bank (SAMA) just announced that point-of-sale (POS) transactions hit a massive SAR 14.8 billion last week! This exciting news highlights the continuous growth of digital payments across the Kingdom, with electronic payments now making up an impressive 79% of all retail transactions. It's clear that Saudi Arabia is rapidly embracing a cashless future!
