TotalPay has officially received approval from the Saudi Central Bank (SAMA) to operate as an Ecommerce Payment Technical Service Provider (PTSP) in the Kingdom of Saudi Arabia, marking a significant milestone in the company’s regional expansion.
The approval reinforces TotalPay’s commitment to delivering secure, reliable, and innovative payment technology solutions to businesses across the Kingdom. Through its expansion into Saudi Arabia, the company aims to work closely with merchants, financial institutions, and technology partners to support the continued growth of the Kingdom’s digital payments ecosystem.
Commenting on the milestone, TotalPay’s Co-Founders, Akif Mohsin and Rahim Pattarkadavan, said:
“This is a proud milestone for TotalPay as we take the next step in our journey by expanding into the Kingdom of Saudi Arabia. We are incredibly proud of our team, whose dedication, commitment, and relentless efforts made this achievement possible. We would also like to express our appreciation to the Saudi Central Bank (SAMA) for its professionalism and guidance throughout the approval process.”
Saudi Arabia continues to strengthen its position as a leading fintech and digital payments market in the region, supported by ongoing innovation, regulatory development, and the Kingdom’s broader digital transformation ambitions.
TotalPay’s expansion into Saudi Arabia marks an important next step in the company’s regional growth journey, as it looks to establish long-term partnerships and build a strong presence in the Kingdom.
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