SAMA revokes Marta Financial Company’s micro-payment licence
Payment partners must remove Marta Financial from authorised-provider checks
SAMA
·
Change
SAMA revoked Marta Financial Company’s licence to provide payment services as a micro payment institution in Saudi Arabia.
Why it matters
The revocation removes Marta Financial Company from Saudi Arabia’s authorised micro-payment institution perimeter. Payment partners, merchants and compliance teams must stop treating Marta Financial as a SAMA-authorised payment-service provider.
Implications
- — Marta Financial Company must stop providing payment services as a micro payment institution in Saudi Arabia.
- — Payment partners and merchants in Saudi Arabia must remove Marta Financial Company from authorised-provider onboarding and counterparty checks.
- — Compliance teams at Saudi payment and fintech firms must update SAMA licence-status controls to reflect the revoked authorisation.
Full decision brief
See the decision layer
Use 1 free preview to unlock implications, who’s affected, what to watch, and Clarify for this brief.
2 free previews left this month · Resets 1 Jun
Source