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Fintech Market Overview

This article does not constitute legal advice.

Digital onboarding in Saudi Arabia

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Absher accounts may be registered by residents of Saudi Arabia, both nationals and non-nationals alike. Nationals register electronically via their national ID numbers, then confirm their identity on machines found in various locations (mainly malls for convenience). Non-residents use their 'iqama' number to go through the same electronic process, followed by fingerprint authentication. Once complete, citizens can take advantage of the MOI's digital services and enjoy their account features.1

Data protection in Saudi Arabia

Fintech in Saudi Arabia

Fintech in other countries

Notes
  1. https://thelawreviews.co.uk/title/the-financial-technology-law-review/saudi-arabia