Alqanoni

Article 85

Art. 85
Status unknownSaudi ArabiaRegulation

Issued by Saudi Central Bank (SAMA) Rulebook

Where the liability of a Payment Service Provider under Part 6 of the Regulations of the Implementing Regulation is attributable to another Payment Service Provider, including in respect of Payment Transactions that are unauthorized, defective, non-executed or late, or where liability is the result of the other Payment Service Provider’s failure to use the Payment Service User’s Authentication as measures required by applicable laws, regulations, instructions and circulars, The assigned payments service provider must compensate the assigning Payment Service Provider for any loss incurred or sums paid.

The Arabic text is the legally binding version. The English translation is provided for guidance only.

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