In January 2020, SAMA introduced the Payment Service Provider Regulations ("PSP Regulations"),which requires digital payment providers to secure a license prior to starting any operation. 5 The payment services regulated by SAMA's PSP include direct debits, credit transfers, the execution of payment transactions, acquiring payment transactions, RIYADH: Saudi Arabia's Tadawul All Share Index rose on Wednesday, gaining 6.47 points, or 0.06 percent, to close at 11,401.47. The total trading turnover of the benchmark index was SR5.23 drllZq.

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