Regulation, Risk & Compliance
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SAMA licenses Jeel Pay for BNPL as Saudi finance sector expands
Saudi Arabia’s central bank licensed Jil Aldaf Alajil Co., which operates as Jeel Pay, to provide buy-now-pay-later services, bringing the number of finance companies licensed by the regulator to 78. Jeel Pay focuses on education-related payments. The company’s platform allows customers to spread tuition payments over as many as 12…
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Click here to read the full story: Arab News