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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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Geidea obtains license from the Saudi Central Bank

News | Mobile Payments | 23 Mar 2021

Saudi Arabia-based fintech Geidea has acquired a license from the Saudi Central Bank, allowing it to process end-to-end payment solutions directly to merchants.

Geidea, Saudi Central Bank, mPOS, mobile payments

SABB, Geidea partner to launch tap-on-phone solution

News | Mobile Payments | 30 Mar 2021

SABB and Saudi Arabia-based fintech Geidea have launched a strategic partnership that combines SABB’s digital banking services with Geidea’s payments acceptance technology to launch an app-based tap-on-phone solution.

SABB, Geidea, mobile payments

Tweeq joince forces with Mastercard and Paymentology for first-class consumer experience

News | Online Payments | 22 Feb 2021

Tweeq has signed exclusive partnership agreements with Mastercard and Paymentology, a digital commerce service and payment solution provider.

Tweeq, partnership, MasterCard, Paymentology, online payments, digital payments, cards

Saudi Central Bank launches instant payment system

News | Online Payments | 22 Feb 2021

The Saudi Central Bank (SAMA) has launched the ‘sarie’ instant payment system.

Saudi Central Bank, SAMA, Sudi Arabia, instant payments, financial inclusion, sarie, online payments

STC Pay, Thales join forces for contactless card payments

News | Cards | 15 Feb 2021

The Saudi Telecom Company (STC) mobile wallet app STC Pay has teamed up with France-based technology provider Thales to introduce contactless cards into the Kingdom of Saudi Arabia.

STC Pay, Thales, partnership, contactless payments, card payments, mobile wallet, POS, ATM, ecommerce, withdrawals, Saudi Arabia

Saudi Arabia to go live with Open Banking in 2022

News | Online & Mobile Banking | 25 Jan 2021

The Saudi Arabian Monetary Authority (SAMA) is launching a framework for Open Banking in the kingdom, allowing for a new direction in the sector.    

Saudi Arabia, Open Banking, SAMA, digital banking, API, Open Data, fintech, Open Finance

Saudi Central Bank issues Open Banking policy

News | Online & Mobile Banking | 11 Jan 2021

SAMA, the Saudi Central Bank (previously known as Saudi Arabian Monetary Agency) has issued the Open Banking policy listing the objectives and benefits of it for the local financial sector. 

Saudi Central Bank, Open Banking, banks, fintechs, financial inclusion

Nisbah Capital joins Tezos blockchain ecosystem

News | Cryptocurrencies | 07 Jan 2021

Saudi Arabia-based Nisbah Capital, the blockchain subsidiary of Taibah Valley has announced the entrance to the Tezos ecosystem as a corporate baker, according to the official press release.

Nisbah Capital, Tezos, Saudi Arabia, blockchain, ecosystem, Taibah Valley, Exaion, EDF, corporate baker, baker, decentralisation, MENA, MEA

Saudi Arabia to employ e-invoicing from December 2021

News | E-invoicing, SCF & E-procurement | 10 Dec 2020

Saudi Arabia has announced it will be introducing a new e-invoicing system that is expected to be a CTC regime.

Saudi Arabia, regulations, e-invoicing, CTC, framework, taxes, cross-border payments, debit, credit

FSS expands its digital payment capabilities in KSA

News | Online & Mobile Banking | 24 Nov 2020

FSS (Financial Software and Systems) has announced its commitment to support the country’s banks to offer digital payment capabilities in the Kingdom of Saudi Arabia (KSA). 

FSS, Financial Software and Systems, Kingdom of Saudi Arabia, KSA, banks, digital payments, digital banking, GCC, API, fintechs, online banking, digital banking

Western Union to acquire a minority stake in Saudi Digital Payments Company

News | Online Payments | 23 Nov 2020

Western Union has entered into a definitive agreement to acquire a minority stake in Saudi Digital Payments Company, or stc pay, a fully owned subsidiary of Saudi Telecom Company. 

acquisition, Western Union, STC Pay, digital wallet, cross-border payments, remittance

Spotii expands to Saudi Arabia

News | Ecommerce | 16 Nov 2020

Spotii, a UAE-based payment service for retailers, now offers a buy-now-pay-later option to online shoppers in Saudi Arabia. 

Spotii, UAE, Saudi Arabia, expansion, buy-now-pay-later, retailers, merchants

tabby partners with Salla to expand Saudi Arabia presence

News | Ecommerce | 05 Nov 2020

UAE-based buy now pay later solution provider tabby has partnered with Saudi Arabia-based ecommerce platform Salla to expand its presence in the Saudi Arabia.

tabby, Salla, UAE, Saudia Arabia, MENA, partnership, expansion, ecommerce, buy now pay later, investment round

Riyad Bank, JCBI work towards financial inclusion

News | Payments General | 26 Oct 2020

Saudi Arabia-based Riyad Bank has partnered with JCB International to enable the acceptance of JCB Cards at POS, online, and ATMs throughout the Kingdom of Saudi Arabia.

Riyad Bank, JCB International, JCB, Saudi Arabia, partnership, payments , financial inclusion, cashless, Vision 2030

Saudi Arabia shifts towards ecommerce and digital transactions, reveals report

News | Online Payments | 18 Aug 2020

Oxford Business Group (OBG) has released, in partnership with Saudi Payments, a report that reveals a shift towards ecommerce and digital transactions in the Kingdom.

Oxford Business Group, OBG, Saudi Payments, report, ecommerce, digital transactions, Saudi Arabia, COVID-19 Response Report, CRR, COVID-19, purchasing behaviour, fintech, Saudi Arabia Monetary Authority, SAMA

Sberbank structures rade finance deal with International Islamic Trade Finance Corporation

News | E-invoicing, SCF & E-procurement | 05 Aug 2020

Sberbank has structured a trade finance deal with the International Islamic Trade Finance Corporation (ITFC), a provider of Trade Solutions.

Sberbank, trade finance, International Islamic Trade Finance Corporation, ITFC, Trade Solution, banks, Switzerland, Russia, Egypt

Saudi Payments, JCB partner to enable card acceptance through 'mada'

News | Cards | 21 Jul 2020

Saudi Payments, operator of national payment network (mada) has partnered with JCB to enable the acceptance of JCB cards in Saudi Arabia.

Saudi Payments, JCB, card acceptance, mada, JCB cards, cards, Saudi Arabia, mada network, acquiring banks, local banks, Point of Sale Terminals, ATM terminals, Saudi Arabian Monetary Authority, national payment system

Discover Financial Services, Saudi Payments partner to expand card acceptance

News | Cards | 10 Jul 2020

Discover Financial Services has partnered with Saudi Payments to expand global acceptance for both companies. 

Discover Financial Services, Saudi Payments, cardholders, Discover, Diners Club International, Pulse, POS, point of sale, ecommerce, ATMs, digital payments, Issuer, terminal, merchants, Saudi Arabia, Discover Global Network

Huawei rolls out mada Pay app to enable contactless payments in Saudi Arabia

News | Mobile Payments | 09 Jul 2020

Huawei has launched the mada Pay app in cooperation with Saudi Payments, through the Huawei AppGallery application platform in Saudi Arabia.

Huawei, launch, mada Pay, contactless payments, Saudi Arabia, Huawei AppGallery, cards, digital wallet, NFC, card information, merchants

Dubai International Financial Center invests in four startups

News | Payments General | 11 Jun 2020

Dubai International Financial Center has invested in four startups through its USD 100 million Fintech Fund.

Dubai, Dubai International Financial Center, fintech, startups, FlexxPay, rise, Now Meny, Sarwa, fintech fund, Middle East, Africa, South Asia, financial