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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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Saudi Central Bank rolls out Open Banking Lab

News | Online & Mobile Banking | 04 Jan 2023

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

ToYou partners Tabby for BNPL solution

News | Payments General | 05 Jan 2023

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

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

Geidea offers Nayifat a full suite of POS solutions

News | Payments General | 27 Jun 2022

Saudi Arabia-based fintech Geidea has partnered with financer Nayifat to enable merchants to accept payments via numerous methods.

POS, payment methods, financing , SMEs

Standard Chartered rolls out API platform in Saudi Arabia

News | Online & Mobile Banking | 28 Jun 2022

Standard Chartered Bank Saudi Arabia as launched an application programming interface (API) platform to meet the evolving needs of customers, according to Zawya.

 

API, banks, Open Banking, product launch

MoneyGram partners with Mobily Pay to reach e-Wallet users in Saudi Arabia

News | Mobile Payments | 03 Jun 2022

MoneyGram has launched its money transfer capabilities on mobile wallet Mobily Pay to enable people in Saudi Arabia to send money in near real time.

money transfer, remittance, digital wallet, partnership, digitalisation, API

Saudi Arabia ministry to refer 200 e-stores to the Ecommerce Violations Committee

News | Ecommerce | 06 Jun 2022

The Saudi commerce ministry has referred 200 online stores to the E-commerce Violations Committee in the country to impose legal penalties for violating compliance standards.

ecommerce, ecommerce platform, digital payments, online payments, payment methods, local payment method, regulation, compliance

Lean obtains an Open Banking financial licence from the FSRA

News | Online & Mobile Banking | 29 Nov 2022

Open Banking platform Lean Technologies has received a third-party provider financial license from Abu Dhabi's Financial Services Regulatory Authority.

Open Banking, regulatory sandbox, financial institutions, fintech

SABB teams with Cybersource for ecommerce acquiring

News | Online Payments | 01 Dec 2022

Saudi British Bank (SABB) has announced a strategic partnership with Visa’s Cybersource payment gateway and risk platform, to enhance the bank’s payment gateway capabilities.

partnership, payment gateway, ecommerce, online payments

SABB partners Visa for a free-for-life cashback credit card

News | Cards | 13 Dec 2022

Saudi British Bank (SABB) has partnered Visa to launch a free-for-life credit card that offers cashback on foreign transactions and local purchases.

credit card, partnership, banks, cashback

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

BNPL startup Tamara raises USD 100 mln

News | Payments General | 22 Aug 2022

Tamara, a Saudi Arabia-based Buy Now, Pay Later (BNPL) firm, has raised USD 100 million in a second round of fundraising from investors including Sanabil Investments.

BNPL, funding, startup, investment, payments

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

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

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

Tarabut Gateway partners with four banks in KSA

News | Online & Mobile Banking | 31 May 2022

Tarabut Gateway, an Open Banking platform in the MENA region with a market presence in Bahrain, the UAE, and KSA, has announced four new key banking partnerships in KSA. 

Open Banking, partnership, banks, expansion, transactions

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