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Moody’s expects stronger reinsurance profitability in 2019 - Bahrain’s economy achieves 2.73% Growth in Q1 2019 - S&P turns stable on Lloyd’s - UAE - RSA provides discounts to DEWA customers for home ins. - EgyptAir launches insurance policy tender for assets - Saudi Arabia - Foreign investment more than doubled in 2018 - Egypt - 'Seamless North Africa 2019' to discuss fintech trends - FDI inflows to Bahrain rise 6% to $1.5bln - Bahrain – InsurByte tackles insurtech trends - Saudi Arabia - Malath, ANB extend insurance deal - Citi MENA Fintech Challenge launched - ArabNet Beirut conference celebrates 10 years - Dubai - DIFC issues new insolvency law - Moody’s expecting stronger reinsurance sector profitability in 2019 - UK insurer Legal & General picks Amazon for blockchain deal - Dubai - AREA 2071 hosts 20 global startups worth AED42.2 m - Saudi Arabia - Medical insurance must for family visa extension - UAE - Medical Liability Law will reduce medical errors - Egypt – EGP 18.1 B ins. sector premiums in 4 months - Fintech set to expand in Mideast, Africa, says S&P - FinTech has power to disrupt global finance says IMF’s Lagarde - China mulls raising caps in equity investment for insurers - Fintech Startups in Lebanon: Financing the Future - Health Dubai: AED 20,000 fine for delayed ins. 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Saudi central bank grants licences to 14 fintech firms

Monday, 06 03 2019, Category: Technology, Country: Saudi Arabia
The Saudi Arabian Monetary Authority has granted licences to 14 fintech companies in the field of crowd lending and payment services.

The companies include Geidea, Bayan Payments Company Limited, HalalaH, Saudi Digital Payments Company, Saudi Post, Brightware, Tap Payments and more.

The move came after the authority granted licences to 7 firms earlier this year, bringing the total of licences issued to 21.

Non-cash transactions continue to account for less than a fifth in Saudi Arabia, but the kingdom is aiming to grow the number to 28 by next year in line with Crown Prince Mohammed bin Salman’s Vision 2030.


Source: Arabian Business
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