SAMA Updates Credit Card Regulations to Boost Transparency, Consumer Protection
The Saudi Central Bank (SAMA) has released updated regulations for the issuance and operation of credit cards, replacing previous rules. These new guidelines aim to improve disclosure and transparency, reduce costs for consumers, and strengthen financial awareness.
Key updates include detailed operational requirements for credit card issuers, helping ensure better consumer protection and encouraging innovation within the financial sector.
SAMA has also worked with international card networks to review and adjust credit card fees and charges. This initiative supports SAMA's broader strategy to enhance digital payment services for both residents and visitors, aligning with the goals of Saudi Vision 2030.
The full updated rules are available on SAMA's official Rulebook website: https://rulebook.sama.gov.sa/en
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SAMA Updates Credit Card Regulations to Boost Transparency, Consumer Protection
The Saudi Central Bank (SAMA) has released updated regulations for the issuance and operation of credit cards, replacing previous rules. These new guidelines aim to improve disclosure and transparency, reduce costs for consumers, and strengthen financial awareness. Key updates include detailed operational requirements for credit card issuers, helping ensure better consumer protection and encouraging innovation within the financial sector. SAMA has also worked with international card networks to review and adjust credit card fees and charges. This initiative supports SAMA's broader strategy to enhance digital payment services for both residents and visitors, aligning with the goals of Saudi Vision 2030. The full updated rules are available on SAMA's official Rulebook website: Related Topics: GASTAT: Saudi Arabia's Inflation Holds Steady at 2.2% in May 2025 Saudi Arabia's Inflation Rate Eases to 1.9% in December Rental Prices Drive Inflation in August 2024: GASTAT SAMA Officially Launches 'Samsung Pay' in Saudi Arabia Short link : Post Views: 42 Related Stories
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