Saudi Arabia’s fintech sector expanded to 371 companies by the end of August, as the kingdom continues to strengthen its regulatory environment and attract investment in financial technology.
Speaking at Money20/20 Middle East, Saudi Central Bank Governor Ayman Al-Sayari said the local economy has remained resilient despite global challenges. He highlighted the role of advanced regulation in making Saudi Arabia more attractive to investors.
Electronic payments accounted for 85% of retail payment transactions by the end of 2025, according to the governor. Fintech investments through venture capital and strategic funding exceeded SAR 30B by the end of the first half of the year.
Al-Sayari said innovation must be matched by efforts to build trust in the financial system. The central bank remains focused on supporting local entrepreneurs by developing financial infrastructure and enabling new products and services while maintaining financial stability and inclusion.
On digital assets, he said SAMA is working with international institutions to manage risks and develop regulatory safeguards for stablecoins and virtual assets.
Source: Jawlah
