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Saudi Central Bank Allocates Payment Licenses To Network International Arabia and Barraq
The Saudi Central Bank (SAMA) licensed “Network International Arabia” to provide payment services through points-of-sale (POS), and “Barraq” to offer e-wallet services. With the addition of these two companies, there are now 27 licensed companies offering payment services in Saudi
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Nayapay, Alipay+ Boost Global Payments Into Pakistan
Pakistan’s financial platform, NayaPay, has partnered with Alipay+, managed by Ant International, aiming to enhance digital payment solutions and stimulate economic growth. NayaPay states that this collaboration will introduce QR codes compatible with RAAST and Alipay+ partners, enhancing foreign exchange
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Top 5 Investors in Saudi Arabia’s Fintech Ecosystem in 2023
In 2023, Saudi Arabia asserted its dominance in the Middle East and North Africa (MENA) region’s venture capital (VC) landscape, with startup funding surging beyond the US$1 billion milestone for the second consecutive year, data from a new report by
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DIFC Teams with Julius Baer and Euroclear to Address Digital Estate Planning
The DIFC Innovation Hub, part of the Dubai International Financial Centre, has initiated a collaborative project with Swiss wealth management firm Julius Baer and financial market infrastructure provider Euroclear. The venture focuses on addressing the complexities of estate planning in
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SC Ventures to Open Abu Dhabi Office, Led By Gautam Jain
Standard Chartered’s innovation and ventures arm, SC Ventures, plans to open an office in the Abu Dhabi Global Market (ADGM) to tap into the United Arab Emirates’s (UAE) technology ecosystem. With 30 years in banking technology, Gautam Jain will lead
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Finshape and Arab National Bank Join Forces for Personalised Banking Solutions
Finshape, a leading fintech solutions provider, is excited to announce a strategic collaboration with Arab National Bank (anb), a major bank in Saudi Arabia. This collaboration aims to deliver customized banking experiences that cater to the unique needs of their
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New Report Highlights Continued Opportunities for Fintech Growth in the Middle East and Africa
Fintech has penetrated and transformed the Middle East and Africa (MEA)’s financial services landscape, financially including millions of people and enabling growth in other sectors. But despite the growth, new opportunities still exist in each market to create a financial
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The Top Trends Shaping MEA’s Wealth Sector
In a recent webinar hosted by Connect Global Group and Temenos, wealth experts and top executives from the banking industry in the Middle East and Africa (MEA) discussed the key trends shaping the wealth management landscape in the region, highlighting
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UAE Proptech Silkhaus Closes Pre-Series A
Silkhaus, a Dubai based proptech startup dedicated to revolutionising short-term rentals across the Middle East and Asia, has announced it has raised a multi-million pre-series A financing from San Francisco headquartered Partners for Growth (PFG). The agreement also provides Silkhaus
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Top 17 Fintech Events to Attend in MENA in H1 2024
The Middle East and North Africa (MENA) region, characterized by a young and tech-savvy population, high Internet penetration rates and economic growth, has witnessed a robust growth of its fintech industry in recent years, with funding increasing by approximately 36%
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