Saudi Arabia Licenses Tamara Finance To Provide Buy-now-pay-later Services

The Saudi Central Bank (SAMA) has licensed Tamara Finance to provide consumer finance and buy-now-pay-later services.

The addition brings the number of finance companies licensed and permitted by SAMA to 65 companies.

SAMA’s focus reflects its keenness to support the finance sector, increase the efficiency of financial transactions, and promote innovative solutions for financial inclusion in the Kingdom.

Buy-now-pay-later in Saudi Arabia

SAMA emphasised the importance of dealing exclusively with authorised financial institutions.

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