Central Bank approves installment payments

The Saudi Central Bank (SAMA) announced the issuance of a license to "Jil Pay Later" company to engage in the buy now, pay later activity, bringing the total number of licensed companies in the financing sector to 78. This decision aims to enhance the efficiency of financial transactions, promote innovation and financial services to facilitate access for all segments of society, while emphasizing the importance of dealing with licensed financial institutions and verifying this through the SAMA website.

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