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1/16/25, 4:39 PM                                SAMA grants licenses to 2 new fintech firms




            SAMA grants licenses to 2 new


            „ntech „rms




















































            RIYADH: Saudi Arabia’s „ntech  ecosystem is expanding further with the Saudi
            Central Bank, or SAMA, granting licenses to two new service providers. 



            Tal Finance ha s been author ized to oer debt-based crowdfunding solutions,
            making it the  12th  company in the Kingdom to provide such services. This

            addition brings the  total number of „nance companies licensed by SAMA to 62,
            hi ghl ight ing the  increasing role of alternative „nancing solutions in Saudi
            Arabia.



            Meanwhi le, SAMA ha s granted a license to Hiberbay Ink Al-Saoudia for IT
            Systems to deliver e-wallet services, increasing the total number of payment

            service providers in Saudi Arabia to 27. This move is aimed at promoting digital
            payment solutions and accelerating the Kingdom’s shift toward a cashless
            economy.




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