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Fintech Market Overview

This article does not constitute legal advice.

Digital onboarding in Saudi Arabia

Fintech Software

The registration of Absher accounts is only available for residents of Saudi Arabia, whether they are nationals or not. Nationals will register electronically using their national ID numbers, then activate the account by registering their fingerprints on machines offered in a number of locations in Saudi Arabia (mainly in malls for ease of access). Non-national residents, on the other hand, register electronically using their 'iqama' number, then register their fingerprints in the same manner nationals do for activation of an account. Upon successful activation, residents of Saudi Arabia will be able to enjoy the services offered by the MOI electronically.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
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