The Saudi Central Bank licenses “Majd Saudi Payments Company” to practice payment services activity

News Anti-Bribery & Corruption General Updates

Date: 24th Dec, 2024 Source: Saudi Central Bank Country: Saudi Arabia Original Source

Brief

On December 24, 2024, the Saudi Central Bank issued an update regarding The Saudi Central Bank licenses “Majd Saudi Payments Company” to practice payment services activity. This decision comes in line with the bank's efforts to support and enable the payments sector to improve financial transaction efficiency and encourage innovation in financial services offered, aiming to enhance financial inclusion levels and provide financial services to all societal segments. The total number of licensed companies practicing payment services activities is now 26 companies.

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Saudi Central Bank

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The Saudi Central Bank licenses “Majd Saudi Payments Company” to practice payment services activity

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The Saudi Central Bank licenses “Majd Saudi Payments Company” to practice payment services activity

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Saudi Central Bank

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