The Saudi Central Bank (SAMA) has granted Vision Bank a non-objection to commence its digital banking operations in Saudi Arabia. SAMA framed the move as part of its strategy to support financial sector stability and trust, stimulate economic growth and competition in banking, and maintain high standards of security and transparency. It also linked the decision to broader efforts to strengthen the banking sector and support Saudi Vision 2030 objectives, including financial inclusion and development of the digital economy.
Saudi Arabian Monetary Authority 2025-09-15
Saudi Central Bank grants Vision Bank a non-objection to begin digital banking operations
The Saudi Central Bank has granted Vision Bank a non-objection to begin digital banking operations in Saudi Arabia. This decision aligns with SAMA's strategy to enhance financial sector stability, stimulate economic growth, and support Saudi Vision 2030 objectives, including financial inclusion and digital economy development.