In brief
Regulates payment systems and payment service providers, central bank licensing, dispute resolution and penalties.
Summary of the law
Key points
- Disputes between payment-system participants and providers go through the settlement process in the law before court (Article 13).
- Fines can reach SAR 25 million, and central bank decisions may be challenged within 60 days (Article 12).
A plain-language summary prepared by Al-Bayan Al-Wadih Law Firm, focused on the violations and problems that come up most in daily life. It is not a substitute for the official text or for legal advice.
What it covers
- Licensing providers
- Providers abroad
- Dispute resolution
- Penalties
Timeline
- Issued: Royal Decree M/26 · 22/3/1443H
Full record of amendments and regulations at the official source
Official text at the Bureau of Experts
The authoritative text is in Arabic; the Bureau of Experts publishes English translations for some laws.
Full official text
The full official text is in Arabic and is reproduced on the Arabic version of this page, as published by the Bureau of Experts at the Council of Ministers. Read the full Arabic text
Library content is simplified general information for awareness only. It is not legal advice and does not replace the official text. Laws change: always check the official source and consult a lawyer before acting. Library data last reviewed: .