BNPL fintech firms can provide short-term credit services upon being licenced by the central bank as restricted licence finance companies
The facility will help finance the growing demand for bringing the buy now, pay later products in the GCC while continuing its growth across new verticals
Tamara, which claims to be Saudi Arabia’s fastest-growing BNPL provider, allows consumers new ways to pay online
The company raised $6m in seed funding at the start of this year