Changeflow GovPing Banking & Finance SAMA licenses two firms for open banking services
Routine Notice Added Final

SAMA licenses two firms for open banking services

Favicon for www.sama.gov.sa SAMA Saudi Central Bank News
Detected April 7th, 2026
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Summary

SAMA (Saudi Central Bank) has licensed two firms to provide open banking services in Saudi Arabia. This licensing action expands the ecosystem of authorized payment service providers operating in the country's open banking framework. The newly licensed entities join other permitted fintechs in SAMA's regulatory sandbox and licensed payment service providers.

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What changed

SAMA announced the licensing of two additional firms to operate open banking services in Saudi Arabia. This action expands the authorized provider network for open banking within the kingdom's regulatory framework. For existing financial institutions and fintech firms, this development signals continued growth in Saudi Arabia's open banking ecosystem, potentially increasing competition and partnership opportunities in the payments sector.

What to do next

  1. Monitor SAMA's licensed payment service providers list for additional open banking entrants
  2. Review internal compliance processes for potential open banking partnerships

Source document (simplified)

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The licenses were granted following the successful completion of the regulatory sandbox phase under SAMA's supervision. The decision reflects SAMA's ongoing efforts to support and enable the financial sector, enhance the efficiency and flexibility of financial transactions, and promote innovation in financial services. This aims to advancing financial inclusion and expanding access to financial services across all segments of society.

SAMA emphasizes the importance of dealing exclusively with authorized financial institutions. To view licensed and permitted financial institutions, visit SAMA's official website.

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Saudi Central Bank > Saudi Central Bank > News > SAMA Licenses “Altknwlwjya aljadydh llhulul albrmjyh” and “lyn tknwlwjyz Company Saudi Arabia litqniyat nuzum almaelumat” to Provide Open Banking Services News
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Source

Favicon for www.sama.gov.sa
SAMA Saudi Central Bank News sama.gov.sa/en-US/News/Pages/allnews.aspx
Banking & Finance
Analysis generated by AI. Source diff and links are from the original.

Classification

Agency
SAMA
Instrument
Notice
Legal weight
Non-binding
Stage
Final
Change scope
Minor

Who this affects

Applies to
Technology companies Financial advisers Banks
Industry sector
5222 Fintech & Digital Payments
Activity scope
Open banking licensing Payment service provider authorization Fintech regulation
Geographic scope
SA SA

Taxonomy

Primary area
Payments
Operational domain
Compliance
Topics
Banking Financial Services

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