BayanPay
“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?”
Founded2018
HQRiyadh, Saudi Arabia
IndustryFintech / Digital payments
The story
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.
Last 12 months
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Product timeline
2018
Bayan Payments Ltd established in Riyadh, Saudi Arabia to build payments gateway technology under an aggregation model.· pivot
2018
Entered SAMA regulatory Sandbox to develop BayanPay (payments gateway) and BayanWallet (e-wallet).· banking
Regulated entities
1
regulatory licence held by BayanPay
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
0 layers disclosed in BayanPay’s embedded-finance stack
Accounting gap: none