Guidelines to Apply for Payment Service Providers License

Release Tool:	Councils and commissions decisions
Validity:	Valid
Summary:	By AI The guidelines for applying for a License to provide payment services outline the requirements and procedures necessary to obtain a License from the Saudi Central Bank (SAMA). The guidelines include basic definitions and aim to clarify how to apply for various licenses, such as licenses for electronic money companies and payment companies. The issuance of a license for new companies requires passing through two phases: preliminary approval and granting the license, while existing companies need ...

Release Tool:

Councils and commissions decisions

Validity:

Valid

Summary:

By AI

The guidelines for applying for a License to provide payment services outline the requirements and procedures necessary to obtain a License from the Saudi Central Bank (SAMA). The guidelines include basic definitions and aim to clarify how to apply for various licenses, such as licenses for electronic money companies and payment companies. The issuance of a license for new companies requires passing through two phases: preliminary approval and granting the license, while existing companies need ...