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Monetary Authority of Saudi Arabia

Latham & Watkins LLP

SAMA Updates Payment Services Provider Licensing Regime in KSA

Latham & Watkins LLP on

The updates are part of SAMA’s efforts to promote an innovation-based financial technology ecosystem in the KSA. Key Points: ..Resubmission of a refused PSPR license application will only be accepted nine months after...more

Latham & Watkins LLP

SAMA Issues Additional Licensing Guidelines for Digital- Only Banks in Saudi Arabia

Latham & Watkins LLP on

The guidelines are part of Saudi Arabia’s efforts to build out a regulatory framework for an innovation-based financial technology ecosystem. On 24 February 2020, the Saudi Arabian Monetary Authority (SAMA) issued...more

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