SAMA's Updated Credit Card Rules to Enhance Disclosure, Transparency

وكالة الأنباء السعودية 1 يوم قبل الجمعة 20 يونيو 2025 | 01:20 ص

Riyadh, June ( وكالة الأنباء السعودية ۔ ‎‎‎ 20 يونيو 2025ء) The updated rules establish guidelines for credit-card issuers to enhance disclosure, transparency, and reduce the cost of credit cards for consumers. The rules also include detailed provisions governing operational aspects of credit cards to increase consumers' financial awareness and foster a regulatory environment that promotes innovation in the financial sector.

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The updated rules can be viewed by visiting the website at the link: https://rulebook.sama.gov.sa/en

In addition, SAMA has collaborated with international card schemes to review and revise the fees and charges for credit-card transactions as part of SAMA's broader strategy to enhance the digital payments for consumers and visitors to the Kingdom of Saudi Arabia, in line with the objectives of the Saudi Vision 2030.