TotalPay obtains SAMA approval to become the first Indian firm cleared for this role in the Kingdom. The Saudi Central Bank granted the license so the company can serve merchants across Saudi Arabia. You now watch an Indian fintech enter one of the region’s fastest digital payment markets. Regulators approved TotalPay as an e-commerce payment service provider under strict local compliance rules. The clearance lets the firm run payment gateway and orchestration tools for local businesses. Merchants gain a single platform to manage and improve their Saudi Arabia digital payments each day. The firm works closely with banks, financial institutions, and technology partners across the Kingdom. Payment orchestration lets a single platform route transactions through several providers with less daily friction. Local businesses save time when one system handles cards, wallets, and bank rails together.
Why TotalPay obtained SAMA approval at the right time
TotalPay obtains SAMA approval at a moment when the Kingdom pushes hard toward a cashless economy. Electronic payments reached 85 percent of all retail transactions in 2025 across the country. You can see the rise from 79 percent recorded during the previous full year. The Kingdom targets 80 percent non-cash transactions by 2030 under its Vision 2030 plan. Point-of-sale terminals across the country reached close to two million active units by 2025. Digital wallet users across the Kingdom grew past 14 million people during the same year. E-commerce sales keep climbing as more Saudi shoppers pick cards and wallets over cash. This rising demand gives new payment firms a strong reason to enter the Kingdom. Co-founders Akif Mohsin and Rahim Pattarkadavan said they feel “incredibly proud of our team.” They also thanked SAMA for its clear guidance across the entire approval review process. The founders described the license win as a milestone in their broader regional growth plan.
A first for Indian fintech in the Kingdom
Founded back in 2022, TotalPay has already served more than 1,500 businesses to date. The firm has processed over one billion dollars in total customer transactions since its launch. You gain a clear sense of scale from these numbers before the Saudi rollout. The company plans fresh spending on new technology, strategic partnerships, and scalable payment systems. Growth targets reach across Saudi Arabia and the wider Middle East and Africa region. The wider Middle East and Africa market gives the firm room to scale further. Strong transaction volumes give the young team a solid base to attract new merchant clients.
What the clearance means for merchants
TotalPay obtains SAMA approval as the fintech Saudi Arabia hosts grows more crowded each year. The Kingdom moved from 10 sandbox fintechs in 2018 to more than 280 licensed firms. Progressive rules and steady demand keep pulling global players toward this market every single season. Foreign payment firms must secure a SAMA license before they serve Saudi customers directly. Compliance strength therefore separates approved players from the firms still stuck in early testing. From my standpoint, the license shows how open regulation rewards firms with strong compliance. You should watch how quickly TotalPay turns this approval into active live merchant accounts. TotalPay obtains SAMA approval now, and the coming months will test its Saudi execution.
