Page 68 - HyperPay PR REPORT - JANUARY 2025
P. 68
1/16/25, 4:38 PM SAMA Licenses “HIBERBAY INK AL-SAOUDIA For IT Systems” to Provide Payment Solutions
SAMA LICENSES “HIBERBAY INK AL-SAOUDIA FOR IT SYSTEMS”
TO PROVIDE PAYMENT SOLUTIONS
12/31/2024 8:45 PM
The Saudi Central Bank (SAMA) licensed “HIBERBAY INK AL-SAOUDIA For IT Systems" to provide E-wallet solutions. With
“HIBERBAY INK AL-SAOUDIA For IT Systems," there are now 27 licensed companies offering payment services in Saudi Arabia.
This decision reflects SAMA's endeavor to support the payments sector, increase the efficiency of financial transactions, and
promote innovative financial solutions for financial inclusion in Saudi Arabia.
SAMA emphasizes the importance of dealing exclusively with authorized financial institutions. To view licensed and permitted
financial institutions, visit SAMA's official website.
https://www.sama.gov.sa/en-US/News/Pages/news-1065.aspx 1/1
