Riyadh, July 25, 2023,In a significant development, the Saudi Central Bank (SAMA) has granted permission to "Tabby" to offer its customers innovative Buy Now, Pay Later (BNPL) solutions. This move marks a significant milestone for the financial technology company as it expands its services in the Kingdom of Saudi Arabia. In a significant development for the Saudi Arabian market, the introduction of Tabby has brought the total number of authorized companies offering Buy Now, Pay Later (BNPL) solutions to five. This expansion in the BNPL sector is set to revolutionize the way consumers in Saudi Arabia make their purchases. BNPL solutions offer customers the opportunity to purchase products and services without incurring any financing costs, providing a convenient and accessible form of finance. In a move that underscores the commitment of the Saudi Arabian Monetary Authority (SAMA) to bolster the Finance and FinTech industries, the regulatory body has announced its decision to prioritize operational efficiency and groundbreaking financial solutions. This strategic step aims to foster financial inclusion within the Kingdom of Saudi Arabia. In a recent statement, the Saudi Arabian Monetary Authority (SAMA) underscored the significance of engaging solely with authorized financial institutions. For a comprehensive list of licensed and permitted financial institutions, interested individuals are encouraged to visit the official website of the Saudi Arabian Monetary Authority (SAMA).