Modern Integrated Solutions Licensed for BNPL by SAMA
Summary
SAMA (Saudi Central Bank) has granted Modern Integrated Solutions a license to provide Buy Now, Pay Later (BNPL) payment services. The license enables the company to operate as a BNPL provider in the Saudi Arabian market under SAMA's regulatory supervision.
What changed
SAMA issued a license to Modern Integrated Solutions authorizing the company to provide BNPL (Buy Now, Pay Later) payment services in Saudi Arabia. The announcement is part of SAMA's ongoing expansion of regulated fintech offerings within the country's payment services framework.
For other fintech companies or payment service providers, this license signals SAMA's continued willingness to authorize BNPL operations under appropriate regulatory oversight. Market participants should monitor SAMA's rulebook and licensed entities listings for additional BNPL licensing activity and regulatory expectations.
Archived snapshot
Apr 16, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
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- Overview
- Saudi Central Bank Law
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- Related Links Saudi Central Bank Saudi Central Bank News SAMA Licenses “Modern Integrated Solutions Financing” Company to Engage in BNPL Activity” News الاخبار SAMA Licenses “Modern Integrated Solutions Financing” Company to Engage in BNPL Activity” 4/16/2026 6:00 PM #### The Saudi Central Bank (SAMA) licensed “Modern Integrated Solutions Financing" company to engage in buy-now-pay-later activity, bringing the total number of finance companies licensed by SAMA to 71 companies.
This decision reflects SAMA's endeavor to support the finance sector, enhance the efficiency of financial transactions, and promote innovative 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 website.
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