Tagged: uae

January 22, 2025 @ 10:54 pm By Omar Faridi  |  

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

January 21, 2025 @ 9:47 pm By Omar Faridi  |  

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

January 13, 2025 @ 5:10 pm By Omar Faridi  |  

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

January 10, 2025 @ 10:33 am By JD Alois  |  

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

January 7, 2025 @ 5:03 pm By Omar Faridi  |  

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

January 7, 2025 @ 8:27 am By Omar Faridi  |  

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

December 29, 2024 @ 1:38 pm By Omar Faridi  |  

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

December 20, 2024 @ 9:41 pm By Michael Wong  |  

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

December 17, 2024 @ 9:17 pm By Omar Faridi  |  

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

December 17, 2024 @ 8:41 am By Omar Faridi  |  

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

December 12, 2024 @ 7:49 am By Omar Faridi  |  

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

December 2, 2024 @ 10:28 pm By Omar Faridi  |  

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

November 17, 2024 @ 6:04 pm By Michael Wong  |  

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

November 13, 2024 @ 4:36 pm By Omar Faridi  |  

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

November 10, 2024 @ 10:03 pm By Omar Faridi  |  

Stablecoin issuance and use is rising around the world, with the market projected to reach $3 trillion within the next five years. This, according to an update from Fintech firm Ripple. Key to this continued growth are crypto regulations that will help advance the use… Read More

November 3, 2024 @ 4:09 pm By Michael Wong  |  

Warburg AI, a UAE-based artificial intelligence company specializing in financial services, has raised $250,000 in seed funding to accelerate the development of its AI-driven financial solutions, according to an announcement. Founded in September 2024 in Sharjah by entrepreneurs Ben Feaver, Lancelot de Brier, and Madiyar… Read More

October 15, 2024 @ 10:02 pm By Omar Faridi  |  

Sarwa reportedly offers options trading to their customers, becoming one of the “first” fintech platforms in the Middle East to do so. Sarwa and Alpaca’s partnership has grown since 2021, and they are pleased to acknowledge Sarwa’s efforts and progress on achieving this first-to-market milestone…. Read More

October 15, 2024 @ 9:04 am By Omar Faridi  |  

Kaspersky’s Digital Footprint Intelligence (DFI) team has released a report that is shedding light on the most pervasive cyberthreats facing organizations in the Middle East. The Kaspersky cybersecurity team has recently delved “deep into the dark web” – exploring everything from cybercriminal forums to shadow… Read More

October 12, 2024 @ 6:21 pm By Omar Faridi  |  

Gemcorp Capital, a global asset management firm focused on emerging markets, has received a Financial Services Permission (FSP) from the Financial Services Regulatory Authority (FSRA) in order to operate in the Abu Dhabi Global Market (ADGM) and has opened a business office in Abu Dhabi…. Read More

October 10, 2024 @ 10:12 am By Omar Faridi  |  

Elliptic, the enabler of sophisticated blockchain analytics and digital asset risk management, has announced the launch of its regional headquarters in the United Arab Emirates (UAE), marking a key milestone in its international expansion efforts. Elliptic is pleased to welcome Zahi Yaari as its new… Read More