Monday, March 4, 2024
News FlashSAMA licenses digital consumer finance platform

SAMA licenses digital consumer finance platform

The Saudi Central Bank (SAMA) has licensed Fas Finance Company, allowing it to provide fintech-driven microfinance solutions to consumers in Saudi Arabia. This brings the number of authorized companies offering consumer microfinance solutions in the Kingdom to five. The other microfinance companies are Tamam Finance Company, Finzey Finance, Fuel Finance Company and Bab Rizq Jameel Microfinance Company.

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