إنت عربي
- Saudi Central Bank has announced granting a Buy Now, Pay Later (BNPL) license to Integrated Modern Solutions Finance Company
- The licensing decision aims to support the Kingdom’s financial sector and enhance its efficiency
The Saudi Central Bank (SAMA) has granted a Buy Now, Pay Later (BNPL) license to Integrated Modern Solutions Finance Company.
According to a statement published on SAMA’s official website, the total number of licensed finance companies in Saudi Arabia has reached 71 firms.
The licensing decision comes as part of SAMA’s efforts to support and develop the financial sector, enhance the efficiency and flexibility of financial transactions, and encourage innovation in financial services.
The move also aims to strengthen financial inclusion across the Kingdom and expand access to financial services for all segments of society.
SAMA emphasized the importance of dealing only with licensed and authorized financial institutions.
