Every StartupHub.today article filed under Saudi Central Bank.
The Saudi Central Bank (SAMA) has just licensed Credit Line to offer micro-consumer finance, a move that's part of SAMA's bigger plan to make the financial sector more competitive and innovative. This latest step aims to bring more financial options to everyone in Saudi Arabia.
Great news for Noon Payments! They've officially secured the Payment Technical Service Provider (PTSP) certificate from the Saudi Central Bank (SAMA). This big step really strengthens their position in Saudi Arabia's fast-growing digital payments world, showing their commitment to top-notch security and reliability.
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!
