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  1. Mubasher News
  2. Vision Bank obtains SAMA’s greenlight to launch its digital operations

Vision Bank obtains SAMA’s greenlight to launch its digital operations

GHADA.ISMAIL
Jan 1, 2025
Vision Bank to start providing a variety of basic banking services for a limited number of clients as part of phase one

Riyadh – Sharikat Mubasher: Vision Bank, known previously as the Digital Saudi Bank, announced launching the experimental phase of its digital banking operations, after obtaining a greenlight from The Saudi Central Bank (SAMA).

This comes as a strategic stride as part of Vision Bank’s trajectory to achieve its futuristic vision, as reported by Al Arabiya.

The first phase of the launching includes providing a variety of basic banking services for a limited number of clients including Murabaha deposits, payment cards, internal money transfers within the Kingdom, in addition to bill payments.

Vision Bank aims to become a pioneer services provider in the Saudi banking sector leveraging innovation and technology to deliver exceptional and user-friendly banking solutions that meet customer aspirations and contribute to the goals of the Financial Sector Development Program, a key initiative of Saudi Vision 2030.

Notably, Vision Bank is a locally established digital bank, formed through a coalition of individual and corporate investors, and operates under the supervision of SAMA. The bank is committed to utilizing cutting-edge technologies to offer smart services tailored to suit customer needs including payments, transfers, savings, financial planning, and financing solutions.

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Vision Bank
SAMA
Digital banking
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