The Saudi Central Bank licensed Lite Advanced Financial to provide e-wallet solutions, increasing the number of licensed payment service providers in Saudi Arabia to 32, and reiterated that customers should deal only with authorized financial institutions listed on its website.
Saudi Arabian Monetary Authority 2026-05-04
Saudi Central Bank licenses Lite Advanced Financial for e-wallet services bringing licensed payment firms in Saudi Arabia to 32
The Saudi Central Bank has licensed Lite Advanced Financial to provide e-wallet solutions, bringing the number of licensed payment service providers in Saudi Arabia to 32. The authority reiterated that customers should deal only with authorized financial institutions listed on its website.