Tagged: lebanon

March 27, 2023 @ 9:13 am By Omar Faridi  |  

Having secured its digital wallet licence, Fintech firm Purpl’s new offering will “provide Lebanese citizens at home and abroad with seamless ways of transacting.” Purpl began its collaboration with Mambu in June 2022, and the implementation took six months. Customers can now easily “access stored… Read More

February 17, 2023 @ 9:11 pm By Omar Faridi  |  

Fintech app Purpl – which is a digital wallet and an aggregator of remittance and cash out partners connecting Lebanon to the world, “allowing senders to send money to their loved ones back home at lesser cost and instantly – is going live having sealed… Read More

July 9, 2020 @ 10:38 pm By Omar Faridi  |  

Approximately 20% or one-fifth of bank account holders in the Middle East are now using Fintech solutions, according to a recent survey performed by Deloitte. The survey, which examined nine key markets in the Middle East, reveals that consumers in the region are quite willing… Read More

September 18, 2017 @ 7:51 am By JD Alois  |  

The Dubai Financial Services Authority (DFSA) has signed a Memorandum of Understanding (MoU) with Lebanon’s Capital Markets Authority (CMA). The agreement is said to enhance information sharing and cooperation around supervisory issues, further extending the existing relationship between the two markets. DFSA has recently been… Read More

July 12, 2014 @ 11:01 am By Samantha Hurst  |  

As crowdfunding becomes more popular in various countries, recent reports reveal the funding option is gaining attention in the Middle East. According to the Huffington Post, a handful of Lebanese entrepreneurs are using crowdfunding to create and sustain social initiative throughout the country, some of which… Read More

January 6, 2014 @ 1:07 pm By JD Alois  |  

ArabNet Beirut 2014 is festival of digital creativity, business, development and entrepreneurship taking place on March 4 – 6. ArabNet Beirut will feature more than 80 speakers from across the MENA region and abroad to discuss the opportunities in web and mobile for the media… Read More

December 4, 2013 @ 9:56 am By Charles Luzar  |  

Haytham Nasr is a co-founder of mygroup.me, an entertainment group based in Beirut, Lebanon. In an equity crowdfunding raise, he and his team crowdfunded a “million-dollar bar” in Lebanon called mybar. The bar was a huge success initially, and within a year of opening investors… Read More