The Kingdom of Saudi Arabia is considered one of the most prominent countries in the Middle East region that is keen on developing the financial sector to become a global center for financial technologies. It launched 3 digital cash wallets recently, namely STC Pay, Halala, and Bayan Pay, which are available on the Apple Store and Google Play. The Kingdom’s Vision 2030, which takes place under the direct supervision of the Saudi Arabian Monetary Agency “SAMA”, and the fintech system is its backbone. The Saudi Fintech system aims to accelerate the pace of growth and development of financial technology in the Kingdom to make it a destination for innovation and establish a comprehensive understanding of financial technology at the level of the Kingdom, in addition to supporting the development of small and emerging enterprises specialized in the same field, and establishing financial technology products and services to support the sector throughout the Kingdom.