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Central Bank authorizes deferred payments in the Kingdom

Central Bank authorizes deferred payments in the Kingdom

The Saudi Central Bank (SAMA) announced the issuance of a license to "Gig Pay Later" to operate in the buy now, pay later sector, bringing the total number of licensed financing companies in the Kingdom to 78. This move is part of the Bank’s efforts to strengthen the financing sector, support the flexibility of financial transactions, and encourage innovation in financial services, with the aim of improving financial inclusion and expanding access to services across all segments of society.

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