Tagged: uae

Visa Confirms Appointment of Dr. Saeeda Jaffar As Group Country Manager, SVP for GCC Region

Visa (NYSE: V) has confirmed the appointment of Dr. Saeeda Jaffar as Group Country Manager, and SVP for its operations across the Gulf Cooperation Council (GCC) region. Dr. Jaffar will reportedly be joining the digital payments leader to manage and oversee its presence in six… Read More

Amazon Payment Services, a Payments Processing Provider for MENA Region, Introduces Fintech Lab in DIFC Innovation Hub

Amazon Payment Services, a payment processing service for the MENA region, has introduced the Amazon Fintech Lab in the DIFC Innovation Hub. The project is reportedly the latest in Amazon Payment Services’ efforts to provide support to the Fintech ecosystem in the MENA region. The… Read More

Fintech, AI, Data Science Startups Investor Planet N Receives Investment from Pakistan Kuwait Investment Co.

Pakistan Kuwait Investment Company (Private) Ltd (PKIC) recently made a PKR 500 million (appr. $3 million) equity investment into Planet N (Private) Ltd in order to support the fast-evolving startup sector in Pakistan. The new investment is reportedly part of Planet N’s $10 million funding… Read More

API Infrastructure Firm M2P Solutions Receives Visa Ready Certification, Will Work with MENA Region Banks

M2P Solutions, the API Infrastructure firm that launched operations earlier in 2021 with Abu Dhabi as one of its headquarters, has received its Visa Ready-certification which should help the company with working cooperatively with banks that are based in the MENA region.  The company will… Read More

Netherlands based Adyen, a Global Payments Fintech, to Expand Local Acquiring Services in UAE

Adyen (AMS: ADYEN), a global payments solution provider based in the Netherlands, recently revealed that it’s expanding its local acquiring services to the United Arab Emirates (UAE). With acquiring capabilities now available in the UAE, Adyen aims to offer local and global companies with an… Read More

OurCrowd Talks Areas of Joint Interest Between UAE and Israel

Following the Abraham Accords, initiated by the Trump administration that saw the normalization of relations between the UAE and Bahrain, OurCrowd – a top global early-stage investment platform, moved quickly to announce relations with middle east gr0ups. After quietly working behind the scenes for years,… Read More

Dutch Payments Fintech Recharge Expands into Middle East

Dutch payments Fintech Recharge.com has expanded its services in the Middle East. Headquartered in Amsterdam, the Fintech specializes in digital gift and prepaid cards for local and global brands like Netflix, Spotify, and Xbox. Recharge is now operating in the Kingdom of Saudi Arabia and… Read More

Abu Dhabi’s Fintech PayBy to Offer Contactless Payments Options to Al Maya Group Supermarkets in UAE

Abu Dhabi-based PayBy, a payments startup, has teamed up with Al Maya Group in order to offer the latter with secure, contactless payment options across 49 of its supermarkets in the United Arab Emirates (UAE). When shopping at Al Maya supermarkets, customers will be able… Read More

Dubai Next, a New Digital Platform, to Allow SMEs in UAE to Raise Capital via Crowdfunding

A new digital platform called Dubai Next has been introduced in the United Arab Emirates (UAE) in order to allow innovators and business entrepreneurs of any nationality to acquire capital to launch their initiatives. The Dubai Next platform went live earlier this month (on Wednesday,… Read More

Australia Stock Exchange listed BNPL Fintech Zip to Acquire Twisto, UAE’s Spotii

Australian Stock Exchange (ASX)-listed Buy Now, Pay Later Fintech Zip is reportedly expanding its business operations into European markets and the Middle East. Zip says it’s acquiring European BNPL Fintech Twisto and UAE’s Spotii as well. Zip reportedly took part in a €16 million investment… Read More

Dubai Fintech Mamo Secures $8M via Pre-Series A Round, Will Expand Operations into UAE, Saudi Arabia

Dubai-headquartered Fintech firm Mamo has reportedly secured $8 million through a pre-Series A funding round. Mamo offers a digital wallet and payments platform and has previously raised $1.5 million in order to launch a peer to peer payments app. As mentioned in a release shared… Read More

UAE-Based BaaS Provider Nymcard Joins Visa’s Fintech Fast Track Program

NymCard, a Banking-as-a-Software (BaaS) fintech based in the UAE, announced on Monday it has joined Visa’s Fintech Fast Track program. NymCard reported it has also previously completed the Visa Ready “Issuer Processor” program that ensures the fintech’s commitment to delivering tech solutions that meet Visa’s industry-leading… Read More

Federal Bank Joins Forces With Mashreq Bank to Offer Instant Money Transfers From UAE to India

  Federal Bank announced on Monday it has joined forces with UAE financial institution Mashreq Bank to facilitate money transfers from the UAE to India. According to Federal Bank, the partnership will support Mashreq’s payment product, QuickRemit. Federal Bank further revealed that the partnership will… Read More

Seamless Cross-Border Payments Now Supported by UAE Central Bank and SWIFT Collaboration

Earlier this week, the Central Bank of the United Arab Emirates (UAE) revealed that it had been working cooperatively with SWIFT, an international provider of secure bank-to-bank messaging services. SWIFT and the UAE reserve bank are reportedly working an initiative that will improve the speed… Read More

Arab Monetary Fund Releases Fintech Index, a Measure of Financial Tech Adoption in Middle East

The Arab Monetary Fund, which aims to establish policies of Arab monetary cooperation and promote the development of Arab financial markets, has launched “Finxar,” which is a regional Fintech index for tracking the development of the financial technology industry in Arab nations. The United Arab… Read More

Moven Announces New Collaboration With UAE Fintech Solutions Consultancy Centre Systems Group

  Moven, a U.S.-based financial wellness platform provider, announced earlier this week it has formed a new partnership with UAE-based fintech solution consultancy, Centre Systems Group (CSG). the partnership will notably help expand Moven’s global footprint. According to Moven, CSG is an influential technology company… Read More

Board of Abu Dhabi Global Market Approves Formation of ADGM Authority, Will be Led by Financial Services Veteran Mark Nicholas Cutis

The Board of Abu Dhabi Global Market (ADGM), the international financial center located in Abu Dhabi, has reportedly approved the formation of the ADGM Authority. ADGM Authority is expected to be led by Mark Nicholas Cutis, who will be serving as the organization’s Chief Executive…. Read More

Fintech Funding: MENA Region’s Saudi Arabia, UAE, Egypt Raised Substantial Amounts in Q1 2021, but UK Remains a Global Leader in Fintech

MENA region startups secured $170 million in capital during March 2021, which is reportedly a 6% increase month-over-month, across 43 different deals, according to local sources. This notably takes the total funds raised during Q1 2021 to $396 million across 125 different deals, which is… Read More

Digital Banking: UAE Central Bank Issues License to Al Mayah Community Bank to Offer Seamless Financial Services

The reserve bank in the United Arab Emirates (UAE) has issued a license to Al Maryah Community Bank in order to offer services in the Middle Eastern nation. Al Maryah is notably the very first all-digital bank to have been given approval to begin providing… Read More

Fintech Unicorn Stripe Enters MENA Region Markets with its Dubai, UAE Launch, Following $600M Round

Fintech firm Stripe has reportedly launched its business operations in the Middle East with its recent entry into the United Arab Emirates (UAE). Stripe is notably one of Silicon Valley’s most valuable Fintechs. The company chose Dubai, a major MENA region financial hub, for its… Read More

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