The Saudi Arabian Monetary Authority has licensed Tatbiq Darahem Company for Technology Almaliya to provide account information services, a payment service linked to open banking. The authorization raises the number of licensed payment service companies in Saudi Arabia to 32. The licence was granted after the company completed the regulatory sandbox phase under the authority’s supervision. The authority also reiterated that customers should deal only with authorized financial institutions.
Saudi Arabian Monetary Authority 2026-05-10
Saudi Arabian Monetary Authority licenses Tatbiq Darahem for open banking account information services bringing Saudi payment service providers to 32
The Saudi Arabian Monetary Authority has licensed Tatbiq Darahem Company for Technology Almaliya to provide account information services, a payment service linked to open banking, bringing the total number of licensed payment service companies in Saudi Arabia to 32. The licence follows the company’s completion of the regulatory sandbox phase under the authority’s supervision, and the authority reiterated that customers should deal only with authorized financial institutions.