The Saudi Central Bank has revoked Marta Financial Company’s licence to provide payment services as a micro payment institution in Saudi Arabia after determining that the company did not meet licensing requirements under the Implementing Regulations of the Payments and Payment Services Law. The decision was based on subparagraph (d) of paragraph (1) of article 21 of the implementing regulations, due to the company’s failure to satisfy the requirements set out in paragraph (4) of article 17. Stakeholders with existing rights or claims were directed to refer to the company, and the central bank reiterated that customers should deal only with authorized financial institutions listed on its official website.
Saudi Arabian Monetary Authority 2026-04-29
Saudi Central Bank revokes Marta Financial Company payment services licence over failure to meet licensing requirements
The Saudi Central Bank has revoked Marta Financial Company’s licence to provide payment services as a micro payment institution after finding it did not meet licensing requirements under the Implementing Regulations of the Payments and Payment Services Law. The decision was taken under subparagraph (d) of paragraph (1) of article 21 due to non-compliance with article 17(4), and the central bank reiterated that customers should deal only with authorized financial institutions listed on its official website.