The Saudi Central Bank (SAMA) licensed Malaa Company for Information Technology to provide payment account information services–one of the services associated with open banking. With Malaa Company for Information Technology, there are now 33 licensed companies offering payment services in Saudi Arabia.

This decision reflects SAMA's commitment to support the payments sector, increase the efficiency of financial transactions, and promote innovative financial solutions for financial inclusion in Saudi Arabia.

SAMA emphasizes the importance of dealing exclusively with authorized financial institutions. To view licensed and permitted financial institutions, visit SAMA's website.