Riyadh: The Saudi Central Bank (SAMA) has officially licensed Manasat Wasl Company for Communications and Information Technology to provide finance aggregation services within Saudi Arabia.

According to Saudi Press Agency, this decision underscores SAMA's ongoing commitment to bolstering and enabling the financial sector. The licensing aims to enhance the efficiency and flexibility of financial transactions and to promote innovation within financial services. By supporting these advancements, SAMA seeks to advance financial inclusion and broaden access to financial services across various segments of society.

SAMA highlighted the importance of engaging exclusively with authorized financial institutions. For those interested in viewing a list of licensed and permitted financial institutions, SAMA's website provides comprehensive information.