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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Saudi Arabia-based fintech infrastructure platform Lean Technologies has raised USD 67.5 million in a Series B funding round to scale its Pay-by-Bank and Open Banking offerings.
funding, investment, banking, Open Banking, Open Finance
The Saudi Central Bank (SAMA) has rolled out the Open Banking Lab which follows the Open Banking Framework issued by SAMA in November 2022, according to Fintech Finance News.
Open Banking, regulation, fintech, central bank
Saudi Arabia-based delivery supper app ToYou has partnered shopping and payments app Tabby to launch a Buy Now, Pay Later (BNPL) solution, ToYou Pay Later.
partnership, payments , online payments, payment methods, BNPL, m-commerce, ecommerce, ecommerce platform
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
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’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
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
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
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
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
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
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
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
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
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, 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
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
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 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
Tarabut, a regulated Open Banking platform, and Geidea, a Saudi payments solutions provider, have signed a Memorandum of Understanding (MOU).
partnership, SMEs, financial inclusion, Open Banking