“Tamam is the first entity in the Kingdom and the region to offer consumer micro-loans via a fully digital customer experience, through a mobile app. SAMA’s Regulatory Sandbox licensed Tamam after an eighteen-month testing period where the app and the service was vetted for functionality, security, and compatibility with customer user profiles in Saudi Arabia.”
-Zain Group announced that, Tamam Financing Company, its financial technology (fintech) subsidiary in Saudi Arabia has been officially licensed by the Saudi Central Bank (SAMA) to provide micro-financing services to consumers across the Kingdom. [Kuwait Times]
