Tether Operations Limited, which claims to be one of the largest companies in the digital asset industry, has signed a Memorandum of Understanding (MoU) with Reelly Tech, one of the real estate B2B platforms in the UAE. This marks an advancement in the evolution of… Read More
Tabby, a UAE-based buy now, pay later (BNPL) player, has reportedly hired banks to prepare for an eventual initial public offering (IPO). The company is said to be in talks with HSBC, JPMorgan, and Morgan Stanley for a public offering in Saudi Arabia, potentially in… Read More
ADGM, the UAE capital’s international financial centre, has officially launched its all-in-one mobile App, which is set to redefine how businesses, employees, and residents engage within the financial district. Designed to streamline connectivity, the app reportedly provides seamless access to various tools and services, “enhancing… Read More
Arab Financial Services (AFS), a provider of digital payment solutions and a fintech enabler across the MENA region, has announced its expansion into the United Arab Emirates. This follows the acquisition of a Retail Payment Services License – Category II from the Central Bank of… Read More
Pluto, the United Arab Emirates’ corporate card and expense management platform, announced that it has secured $4.1 million in a pre-Series A funding round. The development comes shortly after Pluto’s co-founder Mohammed Ridwan revealed that the platform surpassed AED1 billion in cumulative spend under management,… Read More
CLS Global FZC LLC, a financial services firm known in the cryptocurrency industry as a “market maker,” has agreed to resolve criminal charges relating to its fraudulent manipulation of cryptocurrency trading volume. As part of the criminal resolution, CLS Global will plead guilty to the… Read More
Paymob, the financial services enabler in MENA-P, announces it has been granted the Retail Payment Services License by the Central Bank of the UAE (CBUAE) after meeting all regulatory conditions and requirements through a “rigorous approval process.” The license reportedly authorizes Paymob to provide merchant… Read More
Numou, a subsidiary of ADGM the international financial centre of Abu Dhabi, announced an expansion of its lending partner network, strengthening its position as a digital lending marketplace. The platform reportedly features collaborations with institutions, including the Khalifa Fund for Enterprise Development and private credit… Read More
Telr, the online payment gateway in the MENA, serving over 30,000 merchants across the region, announced a partnership with Apaya, the commerce automation platform. This partnership combines Telr’s comprehensive payment solutions in the UAE, KSA, Bahrain and Jordan, with Apaya’s no-code commerce automation platform, “enabling… Read More
Dubai-based Tectum has issued a statement claiming to be the “world’s fastest blockchain.” According to the company the ledger technology has a “theoretical peak” of 3.5 million transactions per second (TPS). Of course, this is not something that is immediately verifiable. Alexander Guseff, Founder and… Read More
Crypto.com has announced the signing of a Memorandum of Understanding (MoU) with Dubai Islamic Bank (DIB), the UAE’s Islamic Bank and a key player focused on the field of Islamic finance, as it expands its market presence in the UAE as well as the wider… Read More
Global payment solutions provider Checkout.com has entered a partnership with noqodi, a payment gateway and financial service provider, to elevate the payment experience for businesses and consumers in the UAE. As part of the collab, Checkout.com will integrate its payment tech with noqodi’s digital platform,… Read More
The Financial Services Regulatory Authority of ADGM (FSRA) has signed a Memorandum of Understanding (MOU) with the UAE Ministry of Interior, to enhance coordination in combating financial crime related to virtual assets. The agreement aims to facilitate the exchange of information, strengthen risk mitigation frameworks,… Read More
The Hong Kong Monetary Authority (HKMA) and the Central Bank of the United Arab Emirates (CBUAE) held their second bilateral meeting, reinforcing cooperation and connectivity between the financial services sectors of the two jurisdictions. Building on the initial bilateral meeting held in Abu Dhabi in… Read More
ADGM, the international financial centre, signed a Memorandum of Understanding (MoU) with Beijing Financial Street Service Bureau. As explained in the update, this latest agreement reinforces the commitment to fostering connections, particularly in the areas of international “development and industry promotion, further advancing the growth… Read More
Bitpanda recently revealed that it will soon be able to offer their full range of products and services to users residing in the UAE, supported by their commitment to regulation in Europe and, as they expand, into the MENA region and other jurisdictions. The expansion… Read More
Paxos, the regulated blockchain and tokenization infrastructure platform, has partnered with Standard Chartered to enhance Global Dollar (USDG) and Lift Dollar (USDL) reserve management. Through this collaboration, Standard Chartered will provide cash management, trading, and custody services, strengthening the infrastructure supporting the “trusted” digital assets… Read More
ADGM, the international financial centre (IFC) of Abu Dhabi, announced another quarter of steady growth, with a number of key achievements for the third quarter (Q3) of 2024 across various metrics. The results are said to underscore ADGM’s role in Abu Dhabi’s strategic goal to… Read More
Dubai-based spend management platform Pemo announced raising $7 million in a Pre-Series A funding round. The investment comes as the company seeks to accelerate its growth in the Gulf Cooperation Council (GCC) region, including plans to expand into Saudi Arabia. The funding round was co-led… Read More
Visa (V: NYSE) flexible credential is going global by transforming the traditional payment card for a digital future. First in the United States, Visa Flexible Credential will reportedly roll out with the Affirm Card, a debit card that allows eligible consumers to buy now and… Read More
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