The Saudi Central Bank (SAMA) has licensed Atyoun Litqniyat AlMalumat WalIttisalat AlMubtakirah to provide payment services as a Major Payment Institution, taking the number of licensed payment service companies in Saudi Arabia to 31. SAMA framed the authorisation as part of its efforts to support the payments sector, improve the efficiency of financial transactions, and promote innovative financial solutions aimed at financial inclusion. It also reiterated that customers should deal only with authorised financial institutions, with the list of licensed and permitted entities available on SAMA’s website.