| Release Date: | 1446-04-24 |
|---|---|
| Release Tool: | Councils and commissions decisions |
| Issuance Instrument Number: | 46025374 |
| Validity: | Valid |
| Summary: | By AI The Saudi Central Bank issued rules for electronic wallets aimed at regulating the opening and management of these wallets to protect users and enhance the stability of the sector. The rules include basic definitions and apply to companies providing electronic wallet services in the Kingdom, with requirements for reviewing and classifying wallets, compliance with financial limits, and maintaining accurate records. Companies must verify the national identity or residency of individuals and legal ... |