SAMA Licenses “Tabby finance” Company to Engage in BNPL Activity
Why this matters
This regulatory update announces that SAMA has licensed the 'Tabby finance' company to engage in Buy-Now-Pay-Later (BNPL) activities, which falls under the Payments & E-Money and Consumer Credit sectors. The key topics covered are Authorisation & Licensing and Consumer Protection / Conduct, as the update relates to a fintech/payment provider firm being granted a license to offer BNPL services.
AI-generated classification rationale, not a full analysis. Verify with the original SAMA source before acting. Full disclaimer.
What the SAMA said
SAMA Licenses “Tabby finance” Company to Engage in BNPL Activity
Published by SAMA . Read the full notice at the source for the authoritative text.
Context
Saudi Central Bank (SAMA) — Saudi Arabia's central bank. We track 26 updates from them.
Saudi financial services are regulated by SAMA and the CMA. Browse all Saudi Arabia updates.
This update is classified under Authorisation & Licensing, Consumer Protection / Conduct, Payments & E-Money and Consumer Credit.