Primary text ↗Verified
Dates
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In force from
Key provisions
4 in the graphThe article’s own text, quoted verbatim from the primary source below — a citable fact, not a summary. No plain-English explanation is shown: writing one would be legal analysis nobody sourced (docs/RULES.md R1). That register is reserved should sourced explanations be added later, and will never share this card’s styling.
Article 8 (Application for a Payment Services Provider License)
prov:sa-ppsl-art8
ARTICLE TEXT — VERBATIM, TIER B
A person who seeks to get a license of Payment Services Provider, or his representative, shall apply to SAMA for a License and provide the following: source
PLAIN-ENGLISH EXPLANATION
Not built — see docs/RULES.md R1. This register is reserved for a future, separately sourced and cited explanation; it will never be filled with unsourced prose.
Article 6 (Services a Payment Services Provider may be licensed to practice)
prov:sa-ppsl-art6
ARTICLE TEXT — VERBATIM, TIER B
SAMA licenses the payments service provider to practice one or more of the following services when conducted as a business or as usual: source
PLAIN-ENGLISH EXPLANATION
Not built — see docs/RULES.md R1. This register is reserved for a future, separately sourced and cited explanation; it will never be filled with unsourced prose.
Grants (in the graph) Place cash on a payment account, Cash withdrawal from a payment account, Execute payment transactions (direct debits, card payments, credit transfers), Issue card-based payment instruments (card issuing), Acquire card-based payment transactions (card acquiring), Issue electronic money, Payment initiation services, Account information services
Article 44(1)(a)–(b) (Initial capital — Micro PI and Major PI)
prov:sa-ppsl-art44-pi
ARTICLE TEXT — VERBATIM, TIER B
Provide evidence of possession of at least one million SAR in paid-up equity for a Micro PI License.
(b)
Provide evidence of possession of at least three million SAR in paid-up equity for a Major PI License. source
PLAIN-ENGLISH EXPLANATION
Not built — see docs/RULES.md R1. This register is reserved for a future, separately sourced and cited explanation; it will never be filled with unsourced prose.
Backs requirement minimumCapital
Article 44(1)(c)–(d) (Initial capital — Micro EMI and Major EMI)
prov:sa-ppsl-art44-emi
ARTICLE TEXT — VERBATIM, TIER B
Provide evidence of possession of at least two million SAR in paid-up equity for a Micro EMI License.
(d)
Provide evidence of possession of at least ten million SAR in paid-up equity for a Major EMI License. source
PLAIN-ENGLISH EXPLANATION
Not built — see docs/RULES.md R1. This register is reserved for a future, separately sourced and cited explanation; it will never be filled with unsourced prose.
Backs requirement minimumCapital
National regimes implementing it
2 regimesOne statute, implemented differently by each regime below — the same directive granting different activities, client types and capital figures market by market.
WhereAuthorityRegimeCapital · transitionFirms
SASaudi Central Bank (SAMA)Payment Institution Licence / Saudi Arabia / SAMAExecute payment transactions (direct debits, card payments, credit transfers), Money remittance +4SAR 1,000,000–3,000,000 sourceno data0
SASaudi Central Bank (SAMA)Electronic Money Institution Licence / Saudi Arabia / SAMAIssue electronic moneySAR 2,000,000–10,000,000 sourceno data0
Sources
Article 8 (Application for a Payment Services Provider License) · Article 6 (Services a Payment Services Provider may be licensed to practice) · Article 44(1)(a)–(b) (Initial capital — Micro PI and Major PI) · Article 44(1)(c)–(d) (Initial capital — Micro EMI and Major EMI)Payments and Payment Services Law (Saudi Arabia)https://rulebook.sama.gov.sa/en/implementing-regulations-payments-and-payment-services-law
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