The Saudi Central Bank (SAMA) has granted a license to Tabby to operate Buy-Now, Pay-Later (BNPL) services, increasing the total number of licensed finance companies in the Kingdom to 68.
SAMA explained that this step is part of its ongoing efforts to support and empower the financial sector, enhance the efficiency and flexibility of financial transactions, and foster innovation in financial services to advance financial inclusion across the Kingdom.
The Central Bank also reiterated the importance of conducting business only with authorized financial institutions. A complete list of licensed and approved entities is available on SAMA’s official website.
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