Posts From Fintechnews Middle East
Arab Monetary Fund Report: The Arab Open Banking Market Growth
The Open Banking market across Arab Countries to grow by 25% annually over the next five years, The Arab Monetary Fund (AMF) said in a report issued this week, presenting guidelines for an “Effective Open Banking/ Finance Adoption”. The report
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Amazon.ae Expands to Qatar
Amazon.ae announced the expansion of the International Shopping experience to Qatar, allowing local customers to browse and shop hundreds of thousands of eligible products that will be shipped to them from the UAE. Making it easier than ever for customers
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Mashreq NEO PAY and Nymbl Announce Strategic Partnership
NEO PAY, powered by Mashreq, has entered a strategic partnership with Nymbl. This collaboration aims to provide a comprehensive solution to SME’s, combining both in-store and online payment acceptance within a single platform. By leveraging NEO PAY this partnership aims
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SAMA Permits Kady Pay as New BNPL Solution Provider
The Saudi Central Bank (SAMA) permitted “Kadi Pay” to provide Buy Now Pay Later (BNPL) solutions. With Kadi Pay, there are now six authorized companies offering BNPL solutions in Saudi Arabia, bringing the total number of licensed/ permitted finance companies
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Gitex Goes Europe in 2025
GITEX GLOBAL, one of the world’s largest tech show, kicked off its record edition this week in Dubai to a phenomenal international response over its first three days. Its huge scale in 2023 was amplified by the announcement that the
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Mashreq Collaborates with Al Etihad Payments to Unfold “Aani Instant Payment Services”
Mashreq joined forces with Al Etihad Payments to introduce the state-of-the-art “Aani Instant Payment Services” on the Mashreq App. The latest service reshapes the payment ecosystem across the board – from individual consumers to luxury outlets, everyday merchants, and beyond.
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Mastercard and Pemo Partner to Fuel UAE’s SME Sector
Mastercard and Pemo, a UAE-based fintech startup that supports businesses across the Middle East, North Africa and Pakistan (MENAP), have initiated a strategic partnership to promote cashless, flexible expense management for small and medium-sized businesses (SMEs) in the UAE. The
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Saudi and Singapore Central Banks to Share Fintech Expertise
The Saudi Central Bank (SAMA) and the Monetary Authority of Singapore (MAS) have agreed to work together on fintech and innovation. The agreement was signed by H.E. Mr. Ayman Al-Sayari, Governor of SAMA, and H.E. Dr. Vivian Balakrishnan, the Minister
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BENEFIT Acquires Bahrain Fintech Bay and Appoints New Board of Directors
BENEFIT, a Fintech and electronic financial transactions services company from Bahrain, signs an agreement to acquire Bahrain FinTech Bay (BFB). This agreement seeks to accelerate the sustainable investment in Bahrain’s fintech ecosystem thereby paving the way for a robust, future
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Tencent Cloud Targeting MEA Enterprises
Tencent Cloud announced its showcase at the GITEX GLOBAL 2023 in Dubai. Attending for the second time, Tencent Cloud is looking to strategically grow its business in the Middle East and Africa (MEA) market. During the event, Tencent Cloud will
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