Overview
The growth of digital payments and payment services is transforming the financial services landscape in Saudi Arabia. Businesses operating in this sector must consider licensing, regulatory, operational, contractual and technology requirements under the Kingdom’s payments framework.
We advise payment service providers, financial institutions, technology companies, merchants and other businesses on payment arrangements in Saudi Arabia. Our work covers the Law of Payments and Payment Services, SAMA licensing and regulatory requirements, payment structures, commercial agreements, technology arrangements, safeguarding, data protection and cybersecurity.
Our experience includes advising on:
- Payment service arrangements
- Payment processing and acquiring structures
- Digital payment solutions
- Payment technology and platform agreements
- SAMA licensing and regulatory requirements
- Merchant and customer agreements
- Outsourcing and technology arrangements
- Safeguarding and operational requirements
- Data protection and cybersecurity
- Payment partnerships and strategic arrangements
