Saudi Arabian Monetary Authority (SAMA) issued an updated “Oversight Framework of the Payment Systems and Their Operators”, replacing the existing “Oversight Framework for Payments and Financial Settlement Systems”. The revised framework updates SAMA’s oversight approach for the payments sector and aligns it with the Law of Payments and Payment Services issued by Royal Decree No. (M/26) dated 22/03/1443 AH and its implementing regulations. The update clarifies the framework’s scope and sets out the supervisory methodology, including oversight tools, self-assessment, and oversight assessment. It also specifies obligations for payment systems and their operators in line with applicable regulatory frameworks and international standards. The updated framework is available through SAMA’s Rulebook.
Saudi Arabian Monetary Authority 2026-03-24
Saudi Arabian Monetary Authority issues updated oversight framework for payment systems and their operators
The Saudi Arabian Monetary Authority (SAMA) has issued an updated "Oversight Framework of the Payment Systems and Their Operators," replacing the previous framework. This revision aligns SAMA's oversight approach with the Law of Payments and Payment Services and clarifies the framework's scope, supervisory methodology, and obligations for payment systems and operators. The updated framework is accessible via SAMA's Rulebook.