Riyadh Bureau

Share this post

Saudi Arabia grants first digital banking licenses

www.riyadhbureau.com

Saudi Arabia grants first digital banking licenses

STC and new consortium awarded licenses

Jun 30, 2021
∙ Paid
Share
Share this post

Saudi Arabia grants first digital banking licenses

www.riyadhbureau.com
Scene from a conference organised by the Financial Sector Development Program in Riyadh in April 2019 (Fayez Nureldine/AFP/Getty)

Saudi Arabia has granted two digital banking licenses for the first time as the kingdom seeks to grow its nascent fintech sector.

STC Pay, a unit of the kingdom’s largest mobile operator Saudi Telecom Co, will be converted into…

This post is for paid subscribers

Already a paid subscriber? Sign in
© 2023 Ahmed Al Omran
Privacy ∙ Terms ∙ Collection notice
Start WritingGet the app
Substack is the home for great writing