SAMA greenlights Mal for Finance to offer finance aggregation services

user icon
NOHA.GAD
calender icon
Nov 10, 2024
article image

Riyadh - Sharikat Mubasher: The Saudi Central Bank (SAMA) granted license to Mal for Finance Aggregator Service Company to provide finance aggregation services, bringing the number of licensed providers of finance aggregation services in the Kingdom to four, a recent statement revealed.

This decision underpins the central bank’s commitment to fostering the financial sector, enhancing the efficiency of financial transactions, and promoting innovative financial solutions for financial inclusion in Saudi Arabia. 


Share

Related News

Saudi PoS sales surpass SAR 63 bn in January
News
Calendar Icon
March 1, 2026
Saudi PoS sales surpass SAR 63 bn in January
Read More
Saudi Arabia tops Global Islamic Fintech Index in new report
News
Calendar Icon
February 26, 2026
Saudi Arabia tops Global Islamic Fintech Index in new report
Read More
Mastercard, Google expand Google Pay in Saudi Arabia
News
Calendar Icon
February 19, 2026
Mastercard, Google expand Google Pay in Saudi Arabia
Read More
Qatar’s PayLater pursues new credit facility through Shorooq partnership
News
Calendar Icon
February 4, 2026
Qatar’s PayLater pursues new credit facility through Shorooq partnership
Read More
GO Money secures SAMA approval for micro-consumer financing
News
Calendar Icon
February 1, 2026
GO Money secures SAMA approval for micro-consumer financing
Read More
UPFRONT, CredibleX partner to streamline SME financing
News
Calendar Icon
January 28, 2026
UPFRONT, CredibleX partner to streamline SME financing
Read More
EdfaPay launches SoftPOS services after SAMA approval
News
Calendar Icon
January 22, 2026
EdfaPay launches SoftPOS services after SAMA approval
Read More
NEO PAY, Wio Bank launch PoS lending solution for SME merchants
News
Calendar Icon
January 19, 2026
NEO PAY, Wio Bank launch PoS lending solution for SME merchants
Read More
Lean Technologies, Ziina execute first Open Finance payments in UAE
News
Calendar Icon
January 15, 2026
Lean Technologies, Ziina execute first Open Finance payments in UAE
Read More
Mastercard, STC Bank expand cross-border payments in Saudi Arabia
News
Calendar Icon
January 13, 2026
Mastercard, STC Bank expand cross-border payments in Saudi Arabia
Read More