Riyadh – Sharikat Muasher: The Saudi Central Bank (SAMA) granted Vision Bank a non-objection to begin offering digital banking services in the Kingdom, marking the latest step in Saudi Arabia’s push to expand its fintech ecosystem.

SAMA said on its official website that the approval supports its strategy to strengthen the financial sector, boost competition, and promote secure, transparent services that drive economic growth and financial inclusion. The move also aligns with Vision 2030, which seeks to develop the digital economy and widen access to financial services.

Vision Bank is a Saudi, Sharia-compliant bank licensed by the Saudi Central Bank in June of 2021, which provides fully secured digital banking services that accommodate both personal and enterprise banking needs

SAMA continues to emphasize resilience and innovation across the banking industry as it works to increase the sector’s contribution to national economic objectives.