Saudi Central Bank (SAMA)
Can I partner with a licensed Saudi PSP instead of becoming licensed?
Content reviewed 2026-08-14 · How we check sources
Short answer
Sometimes. SAMA’s payments framework recognises agents and electronic-money distributors, and a fintech can also provide technology to a licensed PSP, but the arrangement must not leave the unlicensed fintech itself performing the regulated service.
What this means
The contract should clearly allocate customer relationship, safeguarding, execution, complaints and regulatory responsibility to the authorised provider where that is the intended model.
If the fintech controls the regulated service in substance, calling the licensed PSP a “partner” will not by itself move the fintech outside the perimeter.
Official sources
SAMA — Law of Payments and Payment Services ↗SAMA — Implementing Regulations of the Law of Payments and Payment Services ↗Ask with your entity, activity and regulator.
Regulatory research, not legal advice. This answer has the scope and review date shown above; your institution decides applicability.