Page 12 - Financial Sector Development Program News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Paymob, the leading financial services enabler in the Middle East, North Africa, and Pakistan (MENAP), announced that it has secured Saudi Arabia's Payment Technical Services Provider (PTSP) certification, making it fully operational. Paymob established its office in Riyadh in April 2023 and is dedicated to having a solid local presence in the Kingdom. There are over 1.14 million microbusinesses and SMEs in Saudi Arabia, with a growth rate of 12 percent per annum.

Islamic finance is worth trillions of dollars and is still growing, but which locations are the leading hubs in the industry?

Riyadh [Saudi Arabia], February 28 (ANI/NewsVoir): The world's global financial community will gather from 15-16 March in the Saudi capital Riyadh for the second edition of the Financial Sector Conference (FSC 2023). Leaders and senior executives from some of the most prominent international institutions will work alongside government ministers and top-level decision makers to help set the industry agenda for 2023 and explore innovative solutions to unprecedented challenges facing the sector. FSC 2023 is taking a confident outlook on the sector with the event being held under the conferenc...

CAIRO: Startups in the Middle East and North Africa region raised $247 million across 67 deals last month with Saudi Arabia scooping up more than half of the total deal value in the region. The Kingdom was the top destination for startup investments with $175 million raised across 20 deals with buy now, pay later fintech Tamara’s $150 million debt round representing 64 percent

As part of Vision 2030, the Saudi government has set a target of achieving 70% cashless payments by 2030.