Riyadh – Sharikat Mubasher: The Saudi Central Bank (SAMA) has granted a license to Darb Pay for Information Technology to provide electronic wallet services in the Kingdom.

With this addition, the number of licensed companies offering payment services in Saudi Arabia has risen to 28, underscoring the Kingdom’s growing fintech ecosystem, as per SAMA’s announcement on its official website.

SAMA said the decision supports its efforts to strengthen the payments sector, enhance the efficiency of financial transactions, and foster innovative financial solutions that promote broader financial inclusion.

Darb is a financial technology solution designed to simplify fuel management for fleet operators, offering a range of services including fuel cards, expense tracking, and advanced reporting to enhance operational efficiency. Darb offers a wide range of businesses that operate fleets, including transportation companies, delivery services, and any business requiring efficient fuel management for their vehicles.