{"id":15423,"date":"2024-01-22T21:56:37","date_gmt":"2024-01-22T18:56:37","guid":{"rendered":"https:\/\/entarabi.com\/?p=15423"},"modified":"2024-01-22T21:56:37","modified_gmt":"2024-01-22T18:56:37","slug":"saudi-central-bank-issues-new-licenses-to-leading-payment-services-companies-network-international-arabia-and-barraq","status":"publish","type":"post","link":"https:\/\/entarabi.com\/en\/2024\/01\/saudi-central-bank-issues-new-licenses-to-leading-payment-services-companies-network-international-arabia-and-barraq\/","title":{"rendered":"Saudi Central Bank Issues New Licenses to Leading Payment Services Companies \u201cNetwork International Arabia\u201d and \u201cBarraq"},"content":{"rendered":"<p>Recently, the Saudi Central Bank, known as &#8220;SAMA,&#8221; announced a significant decision involving the issuance of new licenses to two companies in the payment services sector. The licensed companies are &#8220;Network International Arabia,&#8221; which will operate in the field of payment services via point of sale, and &#8220;Barraq,&#8221; specializing in payment services through electronic wallets.<\/p>\n<p>With this addition, the total number of licensed companies in the Kingdom to provide payment services has risen to 27. This step is part of the Saudi Central Bank&#8217;s efforts to enhance and support the payment sector in the Kingdom, aiming to improve the efficiency and flexibility of financial transactions.<\/p>\n<p>This decision aligns with the Central Bank&#8217;s commitment to encouraging innovation in financial services and its pursuit to expand financial inclusion, ensuring that financial services reach all segments of society.<\/p>\n<p>Furthermore, the Saudi Central Bank urges citizens and residents to deal only with financial institutions licensed or approved by &#8220;SAMA,&#8221; pointing out the possibility of verifying these licenses by visiting its official website.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Recently, the Saudi Central Bank, known as &#8220;SAMA,&#8221; announced a significant decision involving the issuance of new licenses to two companies in the payment services sector. The licensed companies are &#8220;Network International Arabia,&#8221; which will operate in the field of payment services via point of sale, and &#8220;Barraq,&#8221; specializing in payment services through electronic wallets. [&hellip;]<\/p>\n","protected":false},"author":37,"featured_media":15422,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"post_subtitle":"","footnotes":""},"categories":[1810,1772],"tags":[],"class_list":["post-15423","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fintech","category-startups"],"_links":{"self":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/15423","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/users\/37"}],"replies":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/comments?post=15423"}],"version-history":[{"count":0,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/15423\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media\/15422"}],"wp:attachment":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media?parent=15423"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/categories?post=15423"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/tags?post=15423"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}