Abu Dhabi
Abu Dhabi Digital Asset Infrastructure Startup Fuze Raises $14Milions Seed Round
Abu Dhabi-headquartered Fuze, a digital assets infrastructure provider, has unveiled a substantial Seed round of $14mn, which they claim is the largest Seed investment in a digital assets startup in the the Middle East and North Africa region (MENA). A
Read More
J.P. Morgan Payments Partners in Middle East with Network International
Network International (Network), an enabler of digital commerce across the Middle East and Africa (MEA) region, has announced a partnership with J.P. Morgan Payments to strengthen the bank’s acquiring offering. J.P. Morgan Payments operates in over 160 countries and over
Read More
MENA Gen Z Consumers Favor Mobile Wallets as Preferred Payment Method
In the Middle East and North Africa, Generation Z (Gen Z) members are showing preference for digital payments methods over cash, identifying cards and mobile wallets as their favored and most used payment methods, a new study conducted by Sixth
Read More
Emirates Development Bank Launches Supply Chain Finance and Working Capital Solutions for SME’s
Emirates Development Bank (EDB) has inked a Memorandum of Understanding to create supply chain finance and working capital solutions for SMEs in collaboration with Trade Capital Partners (TCP). This partnership was facilitated by Hub71, Abu Dhabi’s global tech ecosystem, as
Read More
Virtual Assets Trading Platform M2 Receives Financial Services Permission From Abu Dhabi Global Market
The new virtual asset platform M2 has been officially granted a Financial Services Permission (FSP) license in the Abu Dhabi Global Market (ADGM) from the Financial Services Regulatory Authority (FSRA) and is now approved to operate a multilateral trading facility
Read More
e& enterprise Partners Tap Payments to Create Extensive Payment Acceptance Ecosystem
The e& enterprise, formerly known as Etisalat Digital, has partnered with UAE-based Tap Payments to create an extensive payment acceptance ecosystem with unique features tailored to regional markets. The partnership aims to empower businesses of all sizes to optimise their
Read More
Mastercard Partners With UAE Life-Style Banking App to Issue Virtual Prepaid Cards Across GCC
Mastercard is partnering with Bankiom, a UAE-based lifestyle banking app, to introduce digital payment cards across the UAE, Saudi Arabia, Bahrain, Kuwait, and Oman. This partnership marks a significant stride in Mastercard‘s ongoing commitment to advancing digitalization in the payments
Read More
77 % Of IT Leaders in the UAE Claim Their Digital Infrastructure Is Prepared for AI Technology
More than three out of four IT leaders surveyed in the UAE (77%) say their existing IT infrastructure is prepared for the demands of artificial intelligence (AI) technology, as the country experiences widespread adoption across industries, according to the Equinix
Read More
Winklevoss Twins’ Crypto Exchange Gemini Plans to Apply for UAE Crypto License
The Winklevoss twins-owned crypto exchange Gemini announced that it will soon begin the process of acquiring a crypto license to serve customers based in the United Arab Emirates (UAE). The firm said that by applying for a license, it will
Read More
UAE and Hong Kong Central Banks to Cooperate on Fintech, Virtual Asset Rules
The Central Bank of the United Arab Emirates (CBUAE) and the Hong Kong Monetary Authority (HKMA) is set to enhance collaboration between the financial services sectors of the two jurisdictions. The CBUAE and the HKMA agreed to strengthen cooperation in
Read More