Central bank · SA · 11 documents
Cross-Border Interbank Payment System (CIPS) daily usage was reported at about $60 billion compared to about $1,800 billion a day for CHIPS, with about 80 percent of CIPS payments still using Swift messaging.
Primary data was gathered from 2,168 investors, fintech users, and financial professionals across seven Arab countries to evaluate regional digital transformation.
Electronic payments in Saudi Arabia accounted for 85% of total retail payments in 2025, compared with 79% in 2024.
The study collects primary survey data from 145 risk, compliance, and internal audit professionals across Saudi insurance companies.
The IMR review working group was established in 2024 to evaluate the implementation status of international financial reforms and recommend improvements to monitoring.
Saudi Arabia's gross written premiums expanded from SAR 42.03 billion in 2021 to SAR 53.36 billion in 2022, SAR 65.46 billion in 2023, and SAR 76.14 billion in 2024.
The Insurance Authority launched the TAMEEN digital portal in February 2025 with 36 licensing, approval, supervisory and regulatory services.
The study analyzes Shariah governance challenges facing non-bank Islamic financial technology platforms operating outside standard banking regulatory oversight.
Research by Consumers International indicates that 57% of consumer bodies cite a lack of fee transparency as a primary reason behind consumer distrust in digital finance.
As of August 2025, SAMA has granted a total of 27 E-Money Institution and Payment Institution licences to non-banks.
In Ghana, the growth of mobile money increased access to financial services for unbanked demographics, with 35 percent of adults in rural areas reporting having used the service between 2014 and 2017.
