SAMA Grants License to Tamara Finance for Consumer Finance, BNPL Services
The Saudi Central Bank (SAMA) has granted a license to Tamara Finance, allowing the company to offer consumer finance and buy-now-pay-later (BNPL) services. This approval raises the total number of finance companies licensed and authorized by SAMA to 65.
In an official statement released today, SAMA reaffirmed its commitment to strengthening the financial sector, enhancing the efficiency of financial transactions, and fostering innovation to promote financial inclusion across Saudi Arabia.
SAMA also stressed the importance of engaging only with licensed financial institutions. A complete list of authorized entities is available on SAMA's official website.
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