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Payment Services Provider Regulations (2020)

Type	Regulation
Issuing authority	Saudi Central Bank (SAMA)
Framework	Financial services
Tier	Implementing & executive regulation
Legal status	Superseded
Instrument number	Saudi Central Bank (SAMA)
Version	August 2020
Dates	August 2020; superseded by the Payments Law Implementing Regulation (6 July 2023)
Last verified	2026-10-20

The Payment Services Provider Regulations (updated August 2020) were the Saudi Central Bank (SAMA)'s licensing regime for non-bank payment service providers.

• Superseded: replaced by the Implementing Regulation of the Law of Payments and Payment Services (Royal Decree M/26), issued 18/12/1444H (6 July 2023) and effective on issue. The rulebook status is being confirmed.
• They set four licence categories: Micro and Major Payment Institutions, and Micro and Major Electronic Money Institutions.
• They covered governance, safeguarding of funds, record-keeping, outsourcing and reporting to SAMA.
• Kept for reference only.

Documents

• Hosted official text (PDF, English)

In this framework

• The Capital Market Law
• Saudi Central Bank Law
• Law of Payments and Payment Services and its Implementing Regulation
• Credit Information Law
• Banking Control Law
• Implementing Regulations of the Credit Information Law
• Capital Market Institutions Regulations
• SAMA Rules on Outsourcing (No. 41027017)
• Financial Consumer Protection Principles and Rules
• Cyber Resilience Fundamental Requirements (CRFR)
• Adherence to the PDPL and Data Governance Policies, Regulations and Rules (SAMA No. 43045328)
• SAMA Cyber Security Framework (CSF)
• Business Continuity Management Framework
• Counter-Fraud Framework (banks)
• Counter-Fraud Fundamental Requirements (finance and payment companies)
• Enhancement of Operational Resilience to Address Quantum Computing Risks
• Oversight Framework for Payment Systems and Their Operators
• Open Banking Framework
• IT Governance Framework
• Cyber Threat Intelligence Principles
• Ethical Red Teaming Framework
• CMA Cybersecurity Guidelines for Capital Market Institutions
• Payment Services Provider Regulatory Guidelines

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Content and register data licensed CC BY 4.0. Cite the live URL. Machine-readable register (JSON) · Markdown register · Content last verified: 2026-10-21