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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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Tamara secures USD 340 million in Series C funding

News | Payments General | 18 Dec 2023

Tamara has announced the raise of USD 340 million in a Series C funding round to launch new products and target opportunities in Saudi Arabia and across the GCC. 

funding, investment, payments , online payments, mobile payments, digital payments, ecommerce

American Express Saudi Arabia partners with Almosafer Business

News | Payments General | 30 Jan 2024

American Express Saudi Arabia has signed an agreement with travel company Almosafer Business to centralise payments through its Corporate Travel Account.

credit card, travel payments, partnership, corporate card

SAMA issues rules for regulating BNPL companies

News | Ecommerce | 18 Dec 2023

Saudi Central Bank has announced the issuance of Rules for Regulating Buy Now Pay Later Companies, as part of its role in supervising the BNPL companies.

BNPL, regulation, ecommerce, financial services, compliance

Mastercard partners with Jeel to support innovation in Saudi Arabia

News | Payments General | 16 Dec 2024

Mastercard has partnered with Jeel, a subsidiary of Riyad Bank, to introduce advanced digital solutions, including artificial intelligence, to the Saudi Arabian market.

partnership, financial services, payments , artificial intelligence

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

Themis launches its services in Saudi Arabia

News | Digital Identity, Security & Online Fraud | 30 Jan 2024

UK-based financial crime platform Themis has announced the expansion of its financial crime risk management cloud service hosted in Saudi Arabia. 

fraud management, expansion, financial crime, artificial intelligence, fraud prevention

JeelPay obtains USD 6.6 million in Pre-Series A investment round

News | Online Payments | 08 Jan 2025

JeelPay, a Saudi BNPL fintech company, has announced that it obtained USD 6.6 million in a Pre-Series A investment round to further advance its expansion strategy. 

funding, investment, startup, BNPL, payment methods, instalment payments

HyperPay secures licence from SAMA to scale digital payments in Saudi Arabia

News | Payments General | 10 Jan 2025

Payment gateway provider in the MENA region HyperPay has announced that it secured a licence from the Saudi Central Bank (SAMA) to advance the development and optimisation of the financial sector in the region. 

financial services, fintech, digital payments, expansion, online payments, digital wallet

Hakbah secures USD 5.1 million in Series A funding

News | Payments General | 20 Dec 2023

Saudi-based fintech savings platform Hakbah has announced its USD 5.1 million Series A funding to accelerate growth and product development. 

funding, investment, growth markets, platform, savings

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

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

EdfaPay completes a USD 5 million funding round

News | Payments General | 20 Nov 2024

EdfaPay, a fintech platform based in Saudi Arabia, has secured USD 5 million in a Pre-Series A funding round, which was led by OmanTel Innovation Labs.

payments , ecommerce, payments solutions, funding, fintech

Akurateco teams up with DineroPay to improve mobile payments in Saudi Arabia

News | Mobile Payments | 29 Jan 2025

White-label payment gateway provider Akurateco has joined forces with DineroPay to advance Saudi Arabia’s mobile payments sector. 

partnership, mobile payments, digital payments, financial services, Apple Pay, Google Pay

Alinma Bank launches platform powered by IBM cloud and AI technology

News | Online & Mobile Banking | 20 Feb 2025

Saudi Arabia-based Alinma Bank has launched a new platform powered by IBM’s hybrid cloud and AI integration technologies.

banks, API, financial services, partnership, product launch

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

D360 Bank secures approval from Saudi Central Bank for its official launch

News | Online & Mobile Banking | 20 Dec 2024

D360 Bank has secured approval from the Saudi Central Bank (SAMA) to launch its digital banking operations, aiming to offer clients Shariah-compliant financial services.

product launch, banking, financial services, financial institutions

Mastercard Move joins forces with urpay

News | Online Payments | 27 Jun 2024

US-based Mastercard has entered a strategic collaboration with urpay to provide its customers with access to cross-border payment solutions.

partnership, cross-border payments, remittances, money remittance, digital payments

Nearpay secures USD 14 mln in Series A funding

News | Payments General | 18 Dec 2023

Saudi Arabia-based fintech Nearpay has bagged USD 14 million in Series A funding led by Sanabil Investments.

funding, investment, SoftPOS, expansion, payments infrastructure

Hakbah, Tawuniya Insurance to optimise financial savings in Saudi Arabia

News | Online & Mobile Banking | 04 Sep 2024

Saudi-based fintech savings platform Hakbah has entered into a partnership with Tawunniya Insurance to provide its customers with life insurance coverage during their Jameya time. 

partnership, financial services, financial inclusion, fintech, insurance