#Fintech

Network Nayax retail Getty images

Network, Nayax to expand UAE’s unattended self-service retail segment

Network and Nayax’s solution allows customers to select a product or service and pay using a debit or credit card at unattended self-service payment kiosks

Zenda

MENA’s fintech school fee app, zenda, raises $9.4m in seed round

Zenda, is the first fintech app that lets parents to pay school fees with pay-now and pay-later options, and unlock rewards for paying on time

Careem Pay

Careem Pay launches peer-to-peer transfer facility and digital wallet in the UAE

It will soon issue Careem cards that can be used at ATMs and merchants, and will also introduce international remittance solutions

DIFC-based Tarabut gateway

DIFC-based fintech Tarabut Gateway receives DFSA licence

This licence marks the first time the DFSA has authorised a firm to provide account information services and payment initiation services activities

UAE’s fintech startup FlexxPay expands into Egypt

The company estimates that around 20 million people across Egypt could benefit from early wage access

Dubai-based Stake hosts MIT student team for six-month project

The project will entail developing a analytics model that will collect historical market data on Dubai’s residential market dating back over 10 years

Wa’ed Ventures and Maydan Capital to fund ‘ethical’ fintechs in Saudi

The two companies will coordinate and collaborate on finding, backing and mentoring founders as they launch and grow their ethically-focused startups

Bahrain-based cryptocurrency platform Rain announces 0% trading fees

The simplified fee structure aims to help customers feel more comfortable and confident placing their first trade in the crypto world

How DIFX is bridging the gap between traditional and digital assets

With a growing startup ecosystem and tech-driven individuals, the Middle East region is on the verge of becoming a global fintech leader, says Jeetu Kataria, co-founder and CEO at DIFX

How fintech solutions can support small exporters

Fintech companies are uniquely positioned to fill the gap and help SMEs get access to flexible injections of liquidity

UAE’s ADGM Academy, National University of Singapore sign MoU

The partnership will explore deep-tech solutions to challenges facing the financial services sector

UAE’s ADGM and Finastra team up for ‘Hack to the Future 4’

ADGM’s hackathon is seeing participants explore innovative ideas around themes of ESG, embedded finance and decentralised finance

Dubai’s Shuaa Capital acquires majority stake in Souqalmal

Shuaa joins existing investors Riyad Capital and UK comparison website GoCompare

Bahrain

Bahrain’s Central Bank issues operating licence to Binance

Bahrain is the first GCC country to issue regulatory approvals to the blockchain and cryptocurrency infrastructure provider

Charting the growth of the regional fintech ecosystem

Saxo Bank MENA’s CEO Damian Hitchen talks about the region’s fintech space and the challenges faced by the financial sector

How One Global helps make day-to-day digital service payments more mobile

Our forward-thinking approach and business platforms are on the verge of disrupting the status quo for entrepreneurs, says Mohammed Al-Rashidi, executive chairman, One Global

Dubai tech unicorn Zeta and Mastercard announce partnership

The partnership aims to maximise the safety, security and convenience of e-commerce, online banking and contactless transactions

FOO, NymCard partner to bring end-to-end payment solutions for innovators in MENA

With the signing of this partnership agreement, both the companies aim to play a key role in supporting the growth of the fintech ecosystem in the region

The growth of the fintech sector in the Middle East

Moving towards more homogenised regional frameworks can catalyse a wave of new fintechs to scale globally, opines Oliver Obitayo, CEO of IDnow Middle East 

The Global Blockchain Business Council appoints Ola Lind as the UAE Ambassador

Lind joins 179 ambassadors from 86 jurisdictions in six continents that make up a select group of leaders in technology, government, and academia

How open banking is transforming the regional financial services

Tarabut Gateway’s 2022 MENA Open Banking Spotlight explores how regulation, implementation and adoption are enabling a new era of financial services across the region

Fintech company Postpay collaborates with Commercial Bank of Dubai

The strategic partnership will support Postpay on several fronts, including transaction banking, debt funding and e-commerce solutions

UAE’s Chimera Capital announces second close of VC fund at $10bn

The fund will target businesses with a focus on fintech, AI, life sciences, consumer internet and B2B sectors

Landmarks Of The City Of Riyadh, Kingdom Of Saudi Arabia

Sequoia picks Saudi fintech for first Gulf deal as foray expands

Sequoia is deepening its presence in the Middle East after recently backing companies from Turkey to Egypt

Fintech platform PayBy partners with Asfartrip.com

The launch of PayBy payment solutions on online travel platform Asfartrip is a step towards making cashless travel more inclusive

DCT Abu Dhabi signs MoU with fintech platform PayBy

The secure platform will be used across hospitality and tourism establishments

Future Fintech’s FTFT Capital launches cryptocurrency platform

FTFTX collects global currency and market data, directly linking markets and exchanges and making the data available to users 24 hours a day

UAE’s new digital bank Zand set to launch ‘imminently’ after Dubai Bank acquisition

Dubai Bank, acquired from Emirates NBD, will be relaunched as Zand

UAE looks to attract Asian firms to bolster crypto sector

The UAE has intensified its push to adopt the use of blockchain in recent years

Binance planning to tie up with Dubai for crypto activities – report

Dubai is reportedly being regarded as an option for the company’s global headquarters