Global payments orchestration platform Yuno has officially received a Payment Technical Service Provider (PTSP) license from the Saudi Central Bank (SAMA). The approval allows the company to launch its services in the Kingdom, offering merchants a unified infrastructure to manage their payment operations.
Quick Facts
- License: Payment Gateway Service Provider (PTSP).
- Regulator: Saudi Central Bank (SAMA).
- Market Entry: Enables Yuno to operate in Saudi Arabia.
Navigating Saudi’s Regulatory Framework
The license confirms that Yuno has met all technical and compliance requirements set by SAMA to operate within Saudi Arabia’s regulated payments ecosystem. This move aligns with the central bank’s broader strategy under Saudi Vision 2030 to develop an advanced financial technology environment. By enabling international tech providers like Yuno, the framework aims to accelerate the digital economy while ensuring strong consumer and business protection.
A Unified Platform for a Growing Market
Yuno’s platform provides a single integration point for merchants to connect and manage multiple payment service providers, payment gateways, and fraud prevention tools. This approach is designed to simplify the complexity of payment operations, improve efficiency, and help businesses expand into new markets more securely and quickly.
The entry is timely, as Saudi Arabia stands as one of the world’s fastest-growing e-commerce markets, supported by high adoption rates for digital payments and significant investment in its financial infrastructure.
“Saudi Arabia represents one of the most important digital commerce markets globally,” said Juan Pablo Ortega, Co-Founder and CEO of Yuno. He praised the Saudi Central Bank’s role in advancing the payments sector and highlighted Yuno’s mission to “simplify payment operations and empower merchants to scale through unified infrastructure tools.”
This license is a key part of Yuno’s wider expansion strategy across the Middle East and other global markets, as demand for flexible and scalable payment infrastructure continues to grow.
About Yuno
Yuno’s platform provides a unified infrastructure layer that enables merchants to manage payments, integrate service providers, and deploy risk and fraud management solutions via a single API. This reduces complexity and accelerates time-to-market for businesses operating across multiple regions.
Source: entarabi
