US EditionSaudi Arabia Updates Credit Card Rules to Cut Fees and Boost Transparency - Fintechnews Middle East
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Saudi Arabia Updates Credit Card Rules to Cut Fees and Boost Transparency - Fintechnews Middle East
The Saudi Central Bank (SAMA) has announced an overhaul of the Kingdom’s credit card regulations, aimed at improving transparency, reducing costs for consumers, and supporting the national transition towards digital payments. The new rules will be implemented within a period of 30 to 90 days. Under the revised framework, credit card holders can expect lower fees and clearer information on charges. Issuers are now required to notify customers via…
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