Book traversal links for 3. Purpose of Application
3. Purpose of Application
Effective from Jan 31 2025 - Jan 30 2025
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This application is for entities that want to provide payments services in The Kingdom of Saudi Arabia. These entities will be referred to as The Applicant in this form. The applicant may apply to obtain a license - as defined in the Payment Services Provider Regulations- for:
- Micro Electronic Money Institution (e-Wallet)(Micro EMI)
- Major Electronic Money Institution (e-Wallet)(Major EMI)
- Micro Payment Institution (PI).
- Major Payment Institution (PI)
The stages of issuing the license vary according to the classification of companies as follows: