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5. Guidelines to Apply for Payment Services Providers License
Effective from Jan 31 2025 - Jan 30 2025
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- The company must read the regulatory rules for payment service providers carefully to understand the basic requirements. These can be accessed through the Saudi Central Bank’s "SAMA" website.
- The company must fill out the license application form and submit all required documents and basic materials as specified in the licensing stages.
- The company must ensure that the electronic attachments and the required basic documents are verified and submitted in (PDF) format, with clear names for the files, avoiding the use of compressed files and large file sizes.