Urway, a Saudi Arabia-based fintech, has obtained the Electronic Merchant Service Provider – Payment Technical Service Provider certificate (eMSP – PTSP #PTSP001) granted by Saudi Payments, to become the first fintech to be certified after issuing the new regulations and rules of the payment sector in the kingdom.
The feature-rich platform allows online merchants to monetise their services and provide e-commerce websites with safe, reliable and seamless payment solutions, through cutting-edge online payment technology that connects them to the most popular payment schemes.
“We are all at Urway taking pride in this achievement. We are committed to continuing on the same path to ensure the best service possible to our clients. This certificate is recognition from Saudi Payments of our continuous efforts and commitment to comply with required standards and rules in the payment industry. We consider this recognition one step closer towards satisfying our clients, ensuring their payment security and strengthening our commitment to our bank partners and to the regulators,” said the CTO of Urway, Oulbaks.
Saudi Payments is the operator of the national payment infrastructure plan in the Kingdom of Saudi Arabia. The entity is a wholly-owned subsidiary of the Saudi Central Bank (SAMA), with the mandate to digitise the payment ecosystem in the kingdom, by providing the required standardisation to ensure all providers have a level playing field and offer secure and interoperable digital payment solutions.
