Shafaqna English– The Saudi Central Bank has launched an extensive initiative, both regulatory and technical, to revolutionize the nation’s digital payments system—transitioning from conventional banking to positioning the Kingdom as a global financial center, opening the industry to supervised foreign investment, and granting licenses to additional international electronic payment providers.
The initiative constitutes part of a comprehensive strategy designed to enhance the competitiveness of the Kingdom’s economy while consolidating Saudi Arabia’s role as a leading financial center regionally and globally.
Source: Aawsat