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The Governor of the Saudi Monetary Agency (SAMA), Mr. Ahmed Abdulkarim al-Khulaifi, said that he was not expecting a planned merger of banks at this time, at except for those already announced.
Al-Khulaifi said in a statement quoted by the newspaper "Economic", on the sidelines of the opening of the conference, "Mivtec", that there was a tendency to privatize "SADAD" and "Mada" within the Financial Sector Development Committee.
He pointed out that 2.3 billion transactions were made over the last year via payment systems (range, payment, speed and delivery), pointing out that digital payments in Saudi Arabia are developed compared to many countries .
Regarding the licensing of companies working in the field of digital payments, he said that 9 companies are currently testing the technology with SAMA, indicating that the field would be reopened in the next two days to receive more of business applications at the technical laboratory stage.
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