Riyadh – Sharikat Mubasher: The Saudi Central Bank (SAMA) announced it has licensed Tabby Finance to operate buy-now-pay-later (BNPL) services in the Kingdom, raising the total number of licensed finance companies to 68.

SAMA said the decision aligns with its ongoing efforts to strengthen the finance sector, improve transaction efficiency, and promote innovative financial solutions that enhance financial inclusion across Saudi Arabia.

Founded in 2019 by Hosam Arab and Daniil Barkalov, Tabby is one of the leading BNPL platforms in the Middle East, enabling consumers to split purchases into interest-free payments. The company operates across Saudi Arabia, the UAE, and other regional markets, partnering with thousands of merchants including major retail and e-commerce brands. Tabby’s growing popularity has positioned it as a key player in advancing digital payment adoption and flexible financing options within the Kingdom’s rapidly evolving fintech landscape.