Articles with tag like: SAMA

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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

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 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

COVID-19 impact on Saudi Arabian banks might last up to nine months – KPMG study

News | E-invoicing, SCF & E-procurement | 28 Apr 2020

A report released by KPMG Saudi Arabia has revealed the impact COVID-19 has on the banking sector and the potential countermeasures to cope with the new normal.

bank, digital transformation, COVID-19, coronavirus, KPMG, report, banking, SMEs, retail banking, credit card, mortgage, liquidity, cyber risk, SAMA

SAMA raises e-wallet top-up limit to 4.800 EUR

News | Mobile Payments | 26 Mar 2020

The Saudi Arabian Monetary Authority (SAMA) has decided to raise the allowed top-up of the monthly ceiling limit for e-wallets up to 4.800 EUR (20.000 SAR). 

SAMA, e-wallet, top-up, SAR, digital payments, COVID-19, PSPs

Exclusive interview with Ali Abulhasan, CEO of Tap Payments, on payment methods and ecommerce trends in MENA

Interviews | Interviews | 27 May 2019

We interviewed Ali Abulhasan, Co-Founder and CEO of Tap Payments, to learn more about payment and ecommerce trends in the MENA region 

Ali Abulhasan, Tap Payments, payment method, Sadi Arabia, Kuwait, ecommerce, ecommerce trend, fintech, cross-border ecommerce, MENA, marketplace, mada, SAMA, Visa, MasterCard, Middle East

Saudi Payments to introduce national payments system in Saudi Arabia

News | Online Payments | 16 May 2019

Saudi Payments has signed a MoU with banks and financial technology companies to implement a QR-based national payment system in Saudi Arabia.

Saudi Payments, payments system, Saudi Arabia, SAMA, merchant, bank

UAE and Saudi Arabia trial cross-border payments on blockchain

News | Payments General | 14 Dec 2018

The UAE and Saudi Arabia have launched a proof of concept (PoC) for experimenting with blockchain to help cross-border payments between the two countries.

banking, blockchain, digital, innovation, partnerships, payments, cross-border, regulation, CBUAE, Central Bank of the UAE, SAMA, Saudi Arabian Monetary Authority, fintech, Middle East

STC and Ateon sign fintech blockchain deal

News | Payments General | 09 Jul 2018

Ateon and STC have joined forces to develop and market blockchain-based fintech solutions to assist organisations in their digital transformation.

STC, Ateon, Saudi Arabia, fintech, blockchain, digital transformation, cyber security, FinTech Saudi Initiative, SAMA, ICT portfolio