Book traversal links for 1,2,2 ترخيص مصرفي
2.2.1 Banking license
No: BCT/15631 | Date(g): 2/5/2012 | Date(h): 11/6/1433 | Status: In-Force |
To issue a prepaid payment service product or acquire prepaid payment service transactions a financial institution must be a licensed bank in the Kingdom of Saudi Arabia, according to the Banking Control Law, issued by Royal Decree, No. M/5 Dated 22.2.1386 H, and licensed to provide financial services within the Kingdom of Saudi Arabia, with SAMA’s “no objection” prior to introduce any prepaid product.