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Embassy Services Shift
Embassy Services Shift

Daily Tribune

time31-07-2025

  • Business
  • Daily Tribune

Embassy Services Shift

The Indian Embassy in Bahrain has announced that all consular services will be shifted from the embassy premises to a new Indian Consular Application Centre (ICAC) at Bahrain Mall starting tomorrow. The newly opened centre, located at K.A. Visa Services on the first floor of Bahrain Mall in Sanabis, will handle passport, visa, attestation, and other miscellaneous services previously offered at the embassy. New Centre Details From August 1, services will be available at the ICAC between 8 am and 6 pm, Saturday to Thursday, excluding public holidays. Applicants can collect their processed documents directly from the same location during working hours without needing an appointment. Appointments can now be booked exclusively through as the EoIBH Connect App is no longer in use. In addition to Government of India fees, a service charge of 180 fils (0.180 BHD) will apply, along with any applicable bank fees. The ICAC will offer several complimentary services to ease the application process. These include form filling, document photocopying, photographs, and courier service, at no extra cost to applicants. Flexible Payment Options Applicants can pay using cash, debit or credit card, Benefit, or STC Pay. They are also reminded to bring original documents for verification, as mandated by embassy procedures.

Saudi Arabia Prepaid Card and Digital Wallet Market and Future Growth Report 2025: Fintech Boom Drives Saudi Arabia's Prepaid Card Market to $12.88 Billion by 2029
Saudi Arabia Prepaid Card and Digital Wallet Market and Future Growth Report 2025: Fintech Boom Drives Saudi Arabia's Prepaid Card Market to $12.88 Billion by 2029

Yahoo

time25-06-2025

  • Business
  • Yahoo

Saudi Arabia Prepaid Card and Digital Wallet Market and Future Growth Report 2025: Fintech Boom Drives Saudi Arabia's Prepaid Card Market to $12.88 Billion by 2029

Saudi Arabia's prepaid card and digital wallet market is poised for significant growth, reaching $9.65 billion by 2025, with a CAGR of 7.5% expected through 2029. Driven by Vision 2030, the market benefits from increased e-commerce and cashless society initiatives. Continued regulatory support and fintech innovations enhance security and usability, ensuring robust expansion. Key players include STC Pay, Riyad Bank, and others. As fintech firms enter, competition intensifies, pushing for more tailored solutions to meet consumer and corporate demands in Saudi Arabia's evolving financial landscape. Saudi Arabian Prepaid Card and Digital Wallet Market Dublin, June 25, 2025 (GLOBE NEWSWIRE) -- The "Saudi Arabia Prepaid Card and Digital Wallet Market Intelligence and Future Growth Dynamics Databook - Q2 2025 Update" report has been added to prepaid card and digital wallet market in Saudi Arabia is poised for growth, expecting an annual increase of 9.1% to reach USD 9.65 billion by 2025. From 2020 to 2024, the sector has enjoyed a CAGR of 15.1%, with projections indicating a continued upward trend at 7.5% CAGR from 2025 to 2029. It is anticipated that the market will grow from USD 8.85 billion in 2024 to USD 12.88 billion by the close of the decade. Key Trends and Drivers in the Saudi Arabia Prepaid Cards SectorSaudi Arabia's prepaid card market is evolving rapidly, fueled by the government's push for a cashless society, the growing e-commerce sector, and increasing corporate adoption of prepaid solutions. These factors drive a steady shift from cash transactions towards digital payment methods, supported by technological advancements and fintech-driven innovations. The prepaid card market is expected to grow significantly over the next few years, with financial institutions and service providers continuously adapting to consumer and business prepaid cards become more ingrained in the country's financial ecosystem, market participants must focus on enhancing security, expanding usability, and catering to diverse user segments. The corporate sector's rising adoption of prepaid cards for expense management and employee incentives further indicates sustained market demand. With regulatory backing and consumer acceptance increasing, prepaid card solutions will continue to gain traction, shaping the future of digital payments in Saudi Adoption of Digital Payment Solutions Saudi Arabia's push toward digital payments is reshaping consumer financial habits, with prepaid cards playing an essential role in this transition. The government's Vision 2030 initiative is a key driver, aiming to reduce cash reliance and enhance financial inclusion. This shift is evident in the increasing adoption of prepaid cards facilitated by traditional banks and emerging fintech firms. The rise of digital-only banks and fintech companies has further accelerated prepaid card adoption as these institutions introduce user-friendly, technology-driven payment solutions. Consumers are progressively moving away from cash, seeking secure and efficient digital alternatives. Over the next two to four years, prepaid cards are expected to become an even more prominent part of Saudi Arabia's payment ecosystem. Financial institutions and fintech firms will likely expand their prepaid offerings, integrating them with digital wallets and contactless payment solutions. As the regulatory framework continues supporting digital payments, prepaid card usage will likely increase across retail and corporate sectors. Growth of E-commerce Driving Prepaid Card Usage Saudi Arabia's expanding e-commerce sector is driving the adoption of prepaid cards as consumers seek secure and convenient payment methods. The rise of online shopping platforms has made prepaid cards attractive, particularly for individuals wary of linking their primary bank accounts to digital transactions. As prepaid cards provide a controlled spending mechanism, they appeal to consumers looking to manage online purchases while minimizing the risk of fraud. The country's young and tech-savvy population is fueling this trend. With a large segment of consumers actively engaging in digital transactions, prepaid cards offer flexibility without the need for traditional credit lines. Additionally, many retailers and online marketplaces in Saudi Arabia encourage prepaid card usage by integrating them into their payment options, further boosting demand. Over the next two to four years, the prevalence of prepaid cards in e-commerce transactions is expected to grow significantly. Payment service providers and fintech companies will likely introduce enhanced prepaid card solutions tailored to frequent online shoppers. This expansion will increase prepaid card penetration and contribute to Saudi Arabia's broader shift toward a cashless economy. Corporate Adoption of Prepaid Solutions Corporate entities in Saudi Arabia are increasingly adopting prepaid card solutions to streamline financial operations, particularly in areas such as employee incentives, business expense management, and corporate gifting. Companies leverage prepaid cards to distribute funds efficiently, reducing reliance on traditional reimbursement processes. This approach minimizes administrative overhead and enhances operational efficiency, making prepaid cards a preferred tool for businesses handling multiple financial transactions. Financial control is another key driver behind the corporate adoption of prepaid cards. Organizations can allocate specific amounts to prepaid cards for employees or business activities, ensuring better budget oversight and reducing unauthorized expenditures. Prepaid cards also provide businesses with transaction tracking capabilities, helping finance teams monitor spending patterns and improve financial planning. Over the next two to four years, the adoption of prepaid cards in corporate settings is expected to rise significantly. Businesses will likely demand more tailored prepaid card solutions that offer advanced financial management features, such as automated spending limits and category-specific spending restrictions. This anticipated growth will expand the prepaid card market, with financial service providers developing specialized products to cater to corporate needs. Competitive Landscape of the Saudi Arabia Prepaid Card MarketSaudi Arabia's prepaid card market is evolving rapidly, fueled by government initiatives, technological advancements, and increasing consumer demand for cashless transactions. Traditional banks, fintech firms, and new digital banks actively compete to expand their prepaid card offerings, leading to a more diverse and competitive market the next few years, stakeholders in the prepaid card sector must focus on innovation, strategic partnerships, and regulatory compliance to stay competitive. As Saudi Arabia progresses towards a cashless economy under Vision 2030, the prepaid card market is expected to play a crucial role in shaping the country's digital payments Market Dynamics The prepaid card market in Saudi Arabia includes various segments such as payroll cards, travel cards, corporate incentives, and gift cards. While traditional banks have historically dominated the prepaid space, fintech firms and digital banks are now playing a crucial role in expanding prepaid card adoption. This competitive environment pushes financial service providers to develop more flexible and innovative prepaid card solutions for individual consumers and businesses. Key Players and Market Share The competitive landscape in Saudi Arabia includes a mix of established financial institutions, fintech firms, and international payment service providers. Prominent players in the prepaid card market include STC Pay, Riyad Bank, Al Rajhi Bank, Saudi National Bank (SNB), and Alinma Bank. These banks offer prepaid card solutions catering to retail and corporate segments. These banks leverage extensive networks to promote prepaid card adoption through digital banking channels. New entrants in the market include fintech firms and digital-only banks such as STC Bank and D360, both of which launched pilot phases of their digital banking services in 2023. These digital banks are expected to introduce prepaid card products as part of their financial services, targeting younger, tech-savvy consumers who prefer digital payment solutions. The rise of these new players is intensifying competition and accelerating product innovation in the prepaid card market. Recent Launches and Partnerships Similarly, Al Rajhi Bank collaborated with Mastercard in 2023 to enhance its prepaid card offerings by integrating advanced security features and expanding merchant acceptance. Additionally, international payment firms such as PayTabs and Stripe are entering partnerships with local fintech players to facilitate prepaid payment processing in Saudi Arabia. These developments strengthen the prepaid card ecosystem, offering consumers more secure and convenient digital payment solutions. Anticipated Market Evolution (Next 2-4 Years) The prepaid card market in Saudi Arabia is expected to witness continued expansion over the next few years, driven by growing digital payment adoption, regulatory support, and increased fintech participation. Product differentiation and value-added services will become key competitive factors as competition intensifies. Financial service providers will likely introduce prepaid card solutions with enhanced security, digital wallet integration, loyalty rewards, and specialized business solutions. Additionally, the rise of open banking initiatives in Saudi Arabia could further drive innovation in prepaid card services, making them more adaptable to evolving consumer and corporate needs. Regulatory Changes Saudi Arabia has implemented key regulatory measures in the past year to promote financial inclusion and enhance digital payment security. The Saudi Central Bank (SAMA) introduced new prepaid card regulations in 2023, focusing on fraud prevention, compliance requirements, and transparency in prepaid card fees. These regulations protect consumers and ensure fair competition among prepaid card issuers. SAMA also mandated all prepaid card providers to integrate their services with Saudi Payments' national Mada network, enhancing interoperability across different payment channels. This regulatory change ensures that prepaid card users can access a broader range of payment options, increasing overall adoption. Regulatory measures such as these are expected to create a more structured and transparent prepaid card market in Saudi Arabia. This report provides a detailed data-centric analysis of the prepaid card and digital wallet industry in Saudi Arabia, covering market opportunities and analysis across a range of prepaid card and digital wallet domains. Company Coverage: STC Pay Riyad Bank Al Rajhi Bank Saudi National Bank (SNB) Alinma Bank STC Bank D360 Mastercard PayTabs Stripe Key Attributes: Report Attribute Details No. of Pages 159 Forecast Period 2025 - 2029 Estimated Market Value (USD) in 2025 $9.65 Billion Forecasted Market Value (USD) by 2029 $12.88 Billion Compound Annual Growth Rate 7.5% Regions Covered Saudi Arabia Report ScopeThis report offers an in-depth, data-driven examination of prepaid payment instruments, focusing on expenditures via prepaid cards and digital wallets within both retail and corporate consumer sectors. It also presents an overview of consumer behavior and retail spending patterns in Saudi Arabia. The report includes a detailed breakdown of key market segments for each country. Comprising 111 tables and 136 charts, it delivers a comprehensive analysis of the prepaid card and digital wallet markets. With over 80+ country-level key performance indicators (KPIs), the report provides a thorough understanding of market dynamics in the prepaid card and digital wallet sectors: Saudi Arabia Prepaid Payment Instrument Market Size and Forecast Saudi Arabia Digital Wallet Market Size and Forecast Saudi Arabia Digital Wallet Market Size and Forecast by Key Segments Saudi Arabia Digital Wallet Retail Spend Dynamics Saudi Arabia Prepaid Card Industry Market Attractiveness Saudi Arabia Open Loop Prepaid Card Future Growth Dynamics Saudi Arabia Closed Loop Prepaid Card Future Growth Dynamics Saudi Arabia Prepaid Card Consumer Usage Trends Saudi Arabia Prepaid Card Retail Spend Dynamics Saudi Arabia General Purpose Prepaid Card Market Size and Forecast Saudi Arabia Gift Card Market Size and Forecast Gift Card Market Size and Forecast by Functional Attribute Gift Card Market Size and Forecast by Consumer Segments Gift Card Market Share Analysis by Retail Categories Saudi Arabia Entertainment and Gaming Prepaid Card Market Size and Forecast Saudi Arabia Teen and Campus Prepaid Card Market Size and Forecast Saudi Arabia Business and Administrative Expense Prepaid Card Market Size and Forecast Saudi Arabia Payroll Prepaid Card Market Size and Forecast Saudi Arabia Meal Prepaid Card Market Size and Forecast Saudi Arabia Travel Forex Prepaid Card Market Size and Forecast Saudi Arabia Transit and Tolls Prepaid Card Market Size and Forecast Saudi Arabia Social Security and Other Government Benefit Programs Prepaid Card Market Size and Forecast Saudi Arabia Fuel Prepaid Cards Market Size and Forecast Saudi Arabia Utilities, and Other Prepaid Cards Market Size and Forecast Saudi Arabia Virtual Prepaid Card Industry Market Attractiveness Saudi Arabia Virtual Prepaid Card Market Size by Key Categories For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Saudi Arabian Prepaid Card and Digital Wallet Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Sign in to access your portfolio

Extend The Ad Network forms new board of directors to accelerate growth and strengthen governance
Extend The Ad Network forms new board of directors to accelerate growth and strengthen governance

Campaign ME

time22-05-2025

  • Business
  • Campaign ME

Extend The Ad Network forms new board of directors to accelerate growth and strengthen governance

Extend The Ad Network, a Saudi group specialising in integrated marketing and strategic communications, has announced the formation of its new Board of Directors to lead the group into a new phase of expansion, innovation, and creative leadership. The move aims to enhance the company's competitiveness, boost its readiness for rapid market shifts, and drive innovation in line with the needs of local and regional markets. Get your tickets to the Campaign Breakfast Briefing: Marketing Strategies 2025 on May 29, where top industry leaders will gather to unpack game-changing practices within the world of marketing. The newly appointed board comprises of seasoned leaders with expertise spanning media, regulation, finance, technology, and organisational transformation. It is chaired by Mr. Bandar Mohammed Al-Asiri, with members including Mr. Ahmed Mohammed Al-Enezi, Mr. Adnan Abdullah Al-Khalaf, Mr. Hisham Hassan Atiyah, and Eng. Sami Fahad Al-Rasheed. The Board convened for its inaugural meeting at the company's headquarters in Riyadh, where it approved a set of key governance initiatives, including the launch of a Nomination & Remuneration Committee and an Audit Committee, foundational steps toward more agile and transparent decision-making. This institutional milestone strengthens Extend The Ad Network's strategic footprint in the marketing, communications, and advertising space across the Middle East and North Africa. The company continues to invest in data-driven marketing solutions that harness creative talent and advanced technology to build stronger brand engagement. The board of directors includes: Mr. Bandar Mohammed Asiri – Chairman of the Board Mr. Asiri is a leader in business, governance, and media. He served on the media team for Saudi Vision 2030, was a member of the Shura Council, and chaired the General Commission for Audiovisual Media, Arabsat, and the Media ٌRating Company. He also served on the Board of the General Entertainment Authority. Previously, he held leadership roles at AL-KHALEEJIAH Advertising & Public Relations Company and Almarai. Today, he is Co-Founder and General Manager of Suhail International, and Co-Founder of Mal Media Group and Najla Foods. His institutional and entrepreneurial experience will strategically steer 'Extend' in line with the Kingdom's national development goals. Ahmed Mohammed Alanazi – Board Member A pioneer in fintech and digital transformation, Mr. Alanazi has led initiatives, including the public launch of Barq wallet and the development of STCPay. As CEO of AlBuraq Financial Company and a board member of the Insurance Authority and eFinance Investment Group, he brings financial acumen and a digital-first mindset that will bolster Extend's innovation strategy and tech-enabled service offerings. Adnan Abdullah Al-Khalaf – Board Member With extensive experience across sectors such as retail, telecommunications, sports, and tourism, Mr. Al-Khalaf is a seasoned executive recognised for driving transformation in large organisations. He serves on the boards of the Riyadh Chamber, Al-Saif Agencies, L'azurde Jewelry, and Trophy Commercial, and leads the Quality of Life Office for Administrative Consulting. His strategic versatility and operational insight will help scale Extend's integrated solutions across industries. Hisham Hassan Attia – Board Member A financial strategist with deep roots in the media and human capital sectors, Mr. Attia is the CFO and board member of Al Holoul Al Mutakamela Holding Company. With a career spanning corporate finance roles at Saudi Research and Media Group, Arthur Andersen, and Ernst & Young, his expertise will strengthen Extend's financial governance and support sustainable growth initiatives. Eng. Sami Fahd Al-Rashid – Board Member As a co-founder of Extend and a visionary in marketing and strategic growth, Mr. Al-Rashid brings a legacy of leadership and brand building. His 10 years of experience as Extend's CEO and his involvement in national-level committees, such as the Riyadh Chamber's Advertising and Publicity Committee, underscore his deep industry knowledge. His return to the board signals continuity and creative evolution at Extend. Extend The Ad Network is a Saudi-based firm offering end-to-end marketing and communications services, combining digital capabilities with creative strategy. Its portfolio spans media planning, brand identity, influencer marketing, public relations, content production, and AI-powered solutions.

Saudi Arabia Loan Aggregator Market Report 2025: Retail Digital Payments Hit 70% as Tech Adoption Transforms Saudi Financial Services - Competition, Forecast & Opportunities to 2030
Saudi Arabia Loan Aggregator Market Report 2025: Retail Digital Payments Hit 70% as Tech Adoption Transforms Saudi Financial Services - Competition, Forecast & Opportunities to 2030

Yahoo

time16-05-2025

  • Business
  • Yahoo

Saudi Arabia Loan Aggregator Market Report 2025: Retail Digital Payments Hit 70% as Tech Adoption Transforms Saudi Financial Services - Competition, Forecast & Opportunities to 2030

Saudi Arabia's loan aggregator market, valued at USD 43.65M in 2024, is set to reach USD 63.78M by 2030, fueled by digital fintech growth and regulatory support. Key drivers include digital transformation and mobile banking adoption, while challenges remain in data security. Rising demand for Islamic finance and personalized loans enhances market potential. Major players like STC Pay and Lendo lead this evolving market. Saudi Arabian Loan Aggregator Market Dublin, May 16, 2025 (GLOBE NEWSWIRE) -- The "Saudi Arabia Loan Aggregator Market, By Region, Competition, Forecast & Opportunities, 2020-2030F" has been added to offering. The Saudi Arabian loan aggregator market, valued at USD 43.65 million in 2024, is expected to reach USD 63.78 million by 2030, growing at a CAGR of 6.58%. Significant growth is anticipated due to increased digitalization, fintech advancements, and regulatory backing from the Saudi Central Bank (SAMA). Consumers are increasingly using online platforms for seamless loan comparisons, enhancing market competition and transparency. As digital banking and AI-driven financial services become more prominent, user experience and loan accessibility are improving. The collaboration between banks, fintech firms, and aggregators is expected to further propel market expansion by offering personalized loan options and streamlining borrowing processes for individuals and businesses. The Saudi insurance sector also shows robust potential, with a 26.9% increase in Gross Written Premiums (GWP) reported by SAMA in 2022. The Financial Sector Development Program (FSDP) targets an increase in GWP as a share of non-oil GDP to 2.4% by 2025 and 4.3% by 2030, positioning it as a key contributor to the Saudi Arabia loan aggregator market. Key Market Drivers Digital Transformation and Fintech Adoption: Digital banking services have surged, integrating technology-driven solutions to enhance customer experiences. Loan aggregators now leverage AI, big data, and automation to provide tailored loan options, reducing the effort required to find suitable financing. By 2023, digital transactions accounted for 70% of retail payments, indicating a strong shift in consumer behavior and accelerating fintech adoption. Key Market Challenges Data Security and Privacy Concerns: Safeguarding sensitive consumer data remains a primary challenge. Despite SAMA's strict data protection regulations, maintaining robust cybersecurity frameworks is crucial for fintech companies and aggregators. Investments in encryption technologies and compliance with Saudi Arabia's Personal Data Protection Law (PDPL) are essential to building consumer trust. Key Market Trends Expansion of Islamic Finance Loan Aggregators: As a global hub for Islamic finance, Saudi Arabia sees growing demand for Shariah-compliant lending solutions. Loan aggregator platforms are incorporating Islamic finance products, leveraging AI-driven compliance checks and blockchain-based smart contracts, aligning with Saudi Arabia's Vision 2030 initiative. Key Market Players Creative Future for Digital Brokerage Lendo Saudi Arabia Foras Debt Crowdfunding Company Bonoky Digital Debt Crowdfunding Company (Raqamyah) Tamam Financing Co. Saudi Digital Payment Company (STC Pay) Amlak International Finance Company HALA Payments Company Tazapay Pte. Ltd. Report Scope Loan Type: Home Loans Credit Cards Personal Loan Auto Loan Others Mode of Operation: Online Offline Region: Northern & Central Western Southern Eastern Key Attributes: Report Attribute Details No. of Pages 81 Forecast Period 2024 - 2030 Estimated Market Value (USD) in 2024 $43.65 Million Forecasted Market Value (USD) by 2030 $63.78 Million Compound Annual Growth Rate 6.5% Regions Covered Saudi Arabia For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Saudi Arabian Loan Aggregator Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

Saudi Arabia Loan Aggregator Market Report 2025: Retail Digital Payments Hit 70% as Tech Adoption Transforms Saudi Financial Services - Competition, Forecast & Opportunities to 2030
Saudi Arabia Loan Aggregator Market Report 2025: Retail Digital Payments Hit 70% as Tech Adoption Transforms Saudi Financial Services - Competition, Forecast & Opportunities to 2030

Yahoo

time16-05-2025

  • Business
  • Yahoo

Saudi Arabia Loan Aggregator Market Report 2025: Retail Digital Payments Hit 70% as Tech Adoption Transforms Saudi Financial Services - Competition, Forecast & Opportunities to 2030

Saudi Arabia's loan aggregator market, valued at USD 43.65M in 2024, is set to reach USD 63.78M by 2030, fueled by digital fintech growth and regulatory support. Key drivers include digital transformation and mobile banking adoption, while challenges remain in data security. Rising demand for Islamic finance and personalized loans enhances market potential. Major players like STC Pay and Lendo lead this evolving market. Saudi Arabian Loan Aggregator Market Dublin, May 16, 2025 (GLOBE NEWSWIRE) -- The "Saudi Arabia Loan Aggregator Market, By Region, Competition, Forecast & Opportunities, 2020-2030F" has been added to offering. The Saudi Arabian loan aggregator market, valued at USD 43.65 million in 2024, is expected to reach USD 63.78 million by 2030, growing at a CAGR of 6.58%. Significant growth is anticipated due to increased digitalization, fintech advancements, and regulatory backing from the Saudi Central Bank (SAMA). Consumers are increasingly using online platforms for seamless loan comparisons, enhancing market competition and transparency. As digital banking and AI-driven financial services become more prominent, user experience and loan accessibility are improving. The collaboration between banks, fintech firms, and aggregators is expected to further propel market expansion by offering personalized loan options and streamlining borrowing processes for individuals and businesses. The Saudi insurance sector also shows robust potential, with a 26.9% increase in Gross Written Premiums (GWP) reported by SAMA in 2022. The Financial Sector Development Program (FSDP) targets an increase in GWP as a share of non-oil GDP to 2.4% by 2025 and 4.3% by 2030, positioning it as a key contributor to the Saudi Arabia loan aggregator market. Key Market Drivers Digital Transformation and Fintech Adoption: Digital banking services have surged, integrating technology-driven solutions to enhance customer experiences. Loan aggregators now leverage AI, big data, and automation to provide tailored loan options, reducing the effort required to find suitable financing. By 2023, digital transactions accounted for 70% of retail payments, indicating a strong shift in consumer behavior and accelerating fintech adoption. Key Market Challenges Data Security and Privacy Concerns: Safeguarding sensitive consumer data remains a primary challenge. Despite SAMA's strict data protection regulations, maintaining robust cybersecurity frameworks is crucial for fintech companies and aggregators. Investments in encryption technologies and compliance with Saudi Arabia's Personal Data Protection Law (PDPL) are essential to building consumer trust. Key Market Trends Expansion of Islamic Finance Loan Aggregators: As a global hub for Islamic finance, Saudi Arabia sees growing demand for Shariah-compliant lending solutions. Loan aggregator platforms are incorporating Islamic finance products, leveraging AI-driven compliance checks and blockchain-based smart contracts, aligning with Saudi Arabia's Vision 2030 initiative. Key Market Players Creative Future for Digital Brokerage Lendo Saudi Arabia Foras Debt Crowdfunding Company Bonoky Digital Debt Crowdfunding Company (Raqamyah) Tamam Financing Co. Saudi Digital Payment Company (STC Pay) Amlak International Finance Company HALA Payments Company Tazapay Pte. Ltd. Report Scope Loan Type: Home Loans Credit Cards Personal Loan Auto Loan Others Mode of Operation: Online Offline Region: Northern & Central Western Southern Eastern Key Attributes: Report Attribute Details No. of Pages 81 Forecast Period 2024 - 2030 Estimated Market Value (USD) in 2024 $43.65 Million Forecasted Market Value (USD) by 2030 $63.78 Million Compound Annual Growth Rate 6.5% Regions Covered Saudi Arabia For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Saudi Arabian Loan Aggregator Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

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