Every StartupHub.today article filed under Sama.
Bank Albilad just launched its new company, Dafaa Finance, to shake up consumer lending in Saudi Arabia! After getting the green light from SAMA, Dafaa Finance will offer super flexible installment plans, helping more people access financial services and pushing forward digital transformation across the Kingdom.
Yuno, a leading financial technology platform, has officially secured a PTSP license from the Saudi Central Bank (SAMA). This exciting development allows Yuno to significantly enhance digital payment services across Saudi Arabia, supporting its expansion into the region's rapidly growing e-commerce market.
Saudi Arabia's Central Bank (SAMA) just announced that point-of-sale (POS) transactions hit a massive SAR 14.8 billion last week! This exciting news highlights the continuous growth of digital payments across the Kingdom, with electronic payments now making up an impressive 79% of all retail transactions. It's clear that Saudi Arabia is rapidly embracing a cashless future!
