Saudi fintech investments surpass 33b riyals
The article focused on the growth of the fintech sector in the Kingdom of Saudi Arabia, where investments exceeded 33 billion Riyals by the end of the first half of 2026, with an exceptional increase in the number of companies reaching 371 until August 2026. The sector also witnessed expansion in electronic payments, which account for 85% of payment transactions in the retail sector. As a result, open banking services moved from the testing phase to licensing, with over 337,000 active users. The Central Bank Governor confirmed that a stable and supportive regulatory environment contributes to sustainable growth, emphasizing the bank's commitment to fostering innovation and creating a safe and attractive environment for investors.
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