“Can a SAMA-regulated Saudi fintech build the go-to payments gateway and e-wallet aggregation platform for Vision 2030-era e-commerce in Saudi Arabia?”
Founded in 2018 in Riyadh, Bayan Payments Ltd was established to capitalise on Saudi Vision 2030's push toward digital payments. The company operates a dual-product strategy: BayanPay, a payments gateway using an aggregation model targeting e-commerce merchants, and BayanWallet, a digital e-wallet for consumers and businesses. As of the available evidence the company remains in the SAMA regulatory Sandbox phase, with a very small team (approximately 2 employees), suggesting it is still in early-stage commercialisation.
BayanPay is founded in 2018 and headquartered in Riyadh, Saudi Arabia.
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