Saudi Central Bank (SAMA) Announces Regulations For Payments, Payment Services crowdfundinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from crowdfundinsider.com Daily Mail and Mail on Sunday newspapers.
This initiative is aimed at enticing a new segment of investors and companies that can bring added value to the sector for more efficient operation, while maintaining full adherence to the regulatory and supervisory guidelines defined by SAMA
RIYADH: The Saudi Central Bank has launched a public consultation on on draft amendments to the Finance Companies Control Law. In order to ensure transparency and wider participation, the bank, also known as SAMA, invited stakeholders and the public to submit suggestions and observations on the draft through the National Competitiveness Center’s Public Consultation Platform.
An overview of key issues surrounding digital markets, payment services and funding for fintech businesses operating in Saudi Arabia, with particular regard to recent developments.