Riyadh: The Saudi Central Bank (SAMA) has licensed Tabby to engage in Buy-Now, Pay-Later activity, bringing the total number of finance companies licensed in the Kingdom to 68.
According to Saudi Press Agency, SAMA stated that the decision aligns with its efforts to support and enable the finance sector, enhance the efficiency and flexibility of financial transactions, and encourage innovation in financial services to promote financial inclusion in the Kingdom.
SAMA emphasized the importance of dealing exclusively with authorized financial institutions. The list of licensed and permitted entities can be verified through SAMA's official website.