January 8th, 2024 Legal Updates

KSA New Buy Now Pay Later Rules

In furtherance of KSA’s 2030 vision, new set of rules regulating “buy now pay later” sector have been recently introduced by SAMA. The new rules contribute to the growth and sustainability of such sector while safeguarding consumers’ rights. Our Director Maha El Miehy and Associate, Salma Farouq shed the light on the new rules with an emphasis on the licensing and compliance requirements which the entities should adhere to.

Click this link to view all the details related to the New Rules!

Authors: Maha El Meihy, Legal Director, and Salma Farouq, Associate.

 Please reach out to our Managing Partner, Alex Saleh alex.saleh@glaco.com for any assistance.

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