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Discover all the payments and fintech-related news and analysis about Saudi Arabia in The Paypers News, Reports, along with other Saudi Arabia-specific insights on the payments and fintech industry:

Discover all the payments and fintech-related news and analysis about Saudi Arabia in The Paypers News, Reports, along with other

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Konsentus expands its presence in North Africa and the Middle East

News | Online & Mobile Banking | 25 Jan 2023

UK-based open ecosystem regtech provider Konsentus has established its MENA regional base in the Kingdom of Saudi Arabia.

regtech, Open Banking, Open Finance, expansion

Saudi Central Bank explores domestic wholesale CBDC use cases

News | Cryptocurrencies | 26 Jan 2023

The Saudi Central Bank has revealed its plans to explore domestic wholesale CBDC use cases in partnership with local banks and fintechs.

central bank, CBDC, digital assets, cryptocurrency

Saudi Arabia sings an MoU with Standard Chartered Bank

News | Online & Mobile Banking | 13 Feb 2023

Saudi Arabia’s Ministry of Industry and Mineral Resources has signed an MoU with Standard Chartered Bank in order to improve investments in mining. 

partnership, investment, digital banking, online banking

HyperPay to go public in Saudi Arabia

News | Payments General | 14 Mar 2023

Payments service provider activating in the MENA region HyperPay has planned to go public through an initial public offering (IPO) in Saudi Arabia within the next two years.

payments , PSP, IPO, expansion, digitalisation, digital payments, financial services, cashless, B2B payments, online payments, fintech, ecommerce, platform, investment

JCB, Saudi National Bank enable JCB cards in Saudi Arabia

News | Cards | 13 Apr 2023

Japan-based card scheme JCB International and the Saudi National Bank (SNB) have allowed the acceptance of JCB Cards through over 306,351 POS terminals and 3,088 ATMs across the Kingdom of Saudi Arabia. 

debit card, credit card, POS, mPOS, central bank

Tarabut Gateway secures USD 32 mln Series A for Open Banking in Saudi Arabia

News | Online & Mobile Banking | 03 May 2023

MENA-based Open Banking platform Tarabut Gateway has announced the successful completion of a USD 32 million Series A funding round. 

investment, Open Banking, fintech, Open Finance, Open Data Economy

Paymob secures Saudi Arabia's PTSP certification

News | Online & Mobile Banking | 22 May 2023

Financial service company Paymob has secured Saudi Arabia’s Payment Technical Services Provider certification to offer secure payment solutions to merchants in KSA.

certification, online banking, digital banking, mobile banking, financial services, financial institutions, financial data

Ottu augments SAB's digital payments solution

News | Payments General | 26 May 2023

Saudi Arabia-based bank SAB has partnered with fintech Ottu to integrate an online payment management solution with its payment gateways.

digitalisation, payment gateway, partnership, cash management, fintech

PayTabs deploys Modirum 3D Secure payment solutions

News | Digital Identity, Security & Online Fraud | 16 Jun 2023

Saudi Arabia-based payment solutions provider PayTabs has announced a strategic partnership with a global brand delivering 3D secure solutions, Modirum.

partnership, digital payments, cybersecurity, 3-D Secure, EMV, payments , payment fraud, identity theft, online authentication, identity verification, fintech, merchants, ecommerce, digitalisation, payment processing

Spare secures KSA Open Banking certification

News | Online & Mobile Banking | 03 Jul 2023

Kuwait-based fintech Spare has obtained the KSA Open Banking certification, based on the Open Banking Framework released by the Saudi Central Bank.

certification, Open Banking, Open Finance, mobile banking, digital banking, online banking

Mastercard partners with Geidea

News | Payments General | 19 Jul 2023

Mastercard has partnered with fintech Geidea to provide consumers and businesses in Saudi Arabia with greater access to both advanced card and payment solutions.

partnership, Issuer, payments , paytech, fintech, merchants, ecommerce, banking

Qarar partners with Biz2X

News | Payments General | 30 Aug 2023

Credit analytics technology provider Qarar has partnered with Biz2X aiming to improve the landscape of SME lending in Saudi Arabia.

SME lending, SMEs, partnership, lending, financial inclusion

Coda Payments partners with Mobily

News | Mobile Payments | 01 Sep 2023

Coda Payments, a cross-border monetisation solutions provider, has partnered with Mobily to enable users to purchase mobile gaming top-ups and vouchers using their mobile phone numbers.

cross-border payments, money transfer, mobile payments, digital payments

Morabaha Marina partners with Tookitaki for innovative AML capabilities

News | Digital Identity, Security & Online Fraud | 04 Sep 2023

Fraud prevention company Tookitaki has teamed up with finance provider Morabaha Marina to augment the latter’s AML compliance management capabilities.

AML, fraud prevention, financial crime, compliance, financing

SAMA to release new regulatory framework for Open Banking

News | Online & Mobile Banking | 05 Sep 2023

Saudi Central Bank has announced the plan to issue a new regulatory framework for Open Banking in Q4 2023, for the payment origination services.

product launch, mobile banking, online banking, digital banking, banking, Open Banking, Open Finance

Mastercard, Fintech Saudi partner to accelerate digitalisation

News | Online & Mobile Banking | 07 Sep 2023

Mastercard and Fintech Saudi have signed memorandum of understanding (MoU) to advance growth and development in the Saudi Arabia fintech industry.

fintech, digitalisation, SMEs, startup, partnership

Manigo partners with SurePay

News | Payments General | 15 Sep 2023

Manigo and SurePay have partnered to launch Embedded Finance solutions for businesses and consumers across Saudi Arabia.

partnership, embedded finance, fintech, payments , financial services

Alipay+ partners with Saudi Tourism Authority

News | Mobile Payments | 29 Sep 2023

Alipay+ and the Saudi Tourism Authority have partnered to introduce Alipay+ to Saudi Arabia, aiming to provide a mobile payment experience for Asian tourists. 

partnership, cross-border payments, mobile payments, digital payments, payments

Salt Edge partners with SeaPay

News | Online & Mobile Banking | 03 Oct 2023

Fintech company Salt Edge has announced its partnership with SeaPay in order to provide Saudi Arabian merchants and traders with Open Banking solutions.

partnership, Open Banking, Open Finance, expansion, financial services, financial institutions, mobile banking, online banking, digital banking

SAB partners with Mastercard

News | Digital Identity, Security & Online Fraud | 13 Nov 2023

Saudi Awwal Bank (SAB) has partnered with Mastercard to provide increased access to secure digital transactions across the region. 

partnership, fraud management, fraud detection, fraud prevention, cybersecurity, cybercrime