The Idea is Limitless for the Banking Sector in Saudi Arabia

I want to share something interesting about what I read today. It’s about the digital monetary administrations in Saudi Arabia and it’s obviously advancing at a high speed, as seen by the development of electronic monetary exchanges in the financial area, which have surpassed the objective set by the FSDP. That non-cash exchanges represented 36% of complete exchanges in 2019, while the objective was set for 28% by 2020, is proof of this.

 

I assume that allowing licenses for two nearby computerized banks to work in Kingdom will enhance the financial area and public economy, particularly the advanced economy. Additionally, it will upgrade monetary incorporation and backing the national bank's push to expand the extent of computerized banking administrations in the Kingdom.