The Saudi Arabian Monetary Authority (SAMA) has licensed Modern Integrated Solutions Financing to conduct buy-now-pay-later (BNPL) activity, bringing the total number of finance companies licensed by SAMA to 71. SAMA linked the decision to supporting the finance sector, improving the efficiency of financial transactions, and promoting innovative solutions for financial inclusion in Saudi Arabia. It also reiterated the importance of dealing exclusively with authorized financial institutions and directed users to its website list of licensed and permitted entities.
Saudi Arabian Monetary Authority 2026-04-16
Saudi Arabian Monetary Authority licenses Modern Integrated Solutions Financing for buy-now-pay-later, taking licensed finance companies to 71
The Saudi Arabian Monetary Authority has licensed Modern Integrated Solutions Financing to conduct buy-now-pay-later activity, bringing the total number of finance companies licensed by the authority to 71. SAMA linked the decision to supporting the finance sector, improving transaction efficiency, and promoting innovative solutions for financial inclusion, and reiterated the importance of dealing only with authorized financial institutions.