Riyadh – Sharikar Mubasher: The Saudi Central Bank (SAMA) announced licensing “HIBERBAY INK AL-SAOUDIA For IT Systems" to provide its E-wallet solutions in the Saudi Market.

With “HIBERBAY INK AL-SAOUDIA For IT Systems," there are now 27 licensed companies offering payment services in Saudi Arabia, according to the announcement on the official SAMA website.

This decision reflects SAMA's endeavor to support the payments sector, increase the efficiency of financial transactions, and promote innovative financial solutions for financial inclusion in Saudi Arabia.

SAMA emphasizes the importance of dealing exclusively with authorized financial institutions. To view licensed and permitted financial institutions, visit SAMA's official website.