Tabby Finance Secures SAMA Licence to Operate BNPL Services in KSA

The Saudi Central Bank (SAMA) has licensed Tabby Finance to operate as a buy-now-pay-later (BNPL) provider in the Kingdom. The licence brings the total number of finance companies authorised by SAMA to 68.

SAMA said the move is part of its broader push to support the finance sector, improve the efficiency of financial transactions, and encourage innovative digital-finance products that can widen financial inclusion in Saudi Arabia, including BNPL solutions aimed at consumers and merchants.

The central bank also reiterated its standard guidance for consumers and businesses to deal only with licensed or permitted financial institutions, and directed users to its official website for the latest list of authorised entities across banking, finance, payments, and money exchange services.