#Fintech
The partnership aims to maximise the safety, security and convenience of e-commerce, online banking and contactless transactions
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
Moving towards more homogenised regional frameworks can catalyse a wave of new fintechs to scale globally, opines Oliver Obitayo, CEO of IDnow Middle East
Lind joins 179 ambassadors from 86 jurisdictions in six continents that make up a select group of leaders in technology, government, and academia
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
The strategic partnership will support Postpay on several fronts, including transaction banking, debt funding and e-commerce solutions
The fund will target businesses with a focus on fintech, AI, life sciences, consumer internet and B2B sectors
Sequoia is deepening its presence in the Middle East after recently backing companies from Turkey to Egypt
The launch of PayBy payment solutions on online travel platform Asfartrip is a step towards making cashless travel more inclusive
The secure platform will be used across hospitality and tourism establishments
FTFTX collects global currency and market data, directly linking markets and exchanges and making the data available to users 24 hours a day
Dubai Bank, acquired from Emirates NBD, will be relaunched as Zand
The UAE has intensified its push to adopt the use of blockchain in recent years
Dubai is reportedly being regarded as an option for the company’s global headquarters
The Riyadh-based startup was established in March 2021 by entrepreneur Sumeet Khutale who has recently relocated from London to the kingdom
It will allow these startups to accept payments online, payout funds, and manage their business growth
The $50m fund will invest in early-stage fintech and SaaS companies across the Middle East, Africa and Pakistan
The new capital will be used to fuel the growth of its digital lending operations, deepen its AI and predictive analytics capabilities and grow its global talent pool
YAP, which launched earlier this year, claims it is now “onboarding hundreds per day”
The EDB Business Banking app is free to open and has no minimum balance criteria
Since the beginning of 2021, the changing market narratives have led to higher uncertainty and increased volatility in global equities
Mubadala Investment Company led the round, joined by other investors
Tabby has raised more than $30m in funding from local and global investors
Tamara, which claims to be Saudi Arabia’s fastest-growing BNPL provider, allows consumers new ways to pay online
The company raised $6m in seed funding at the start of this year
JMR Infotech’s innovation adds value to the digital transformation journey of banks and financial institutions in the Middle East and Africa region
Covid-19 has disproportionately impacted jobs held by women workers
Over 25,000 applicants pre-registered in the past two months to use the app
Strong customer authentication must be adopted to make open banking a success
The GCC is catching up with developed markets in terms of financial inclusion