Tag "mobile payments"
Saudi’s Mobile Point of Sale Startup NearPay Raises US$3.6M Pre-Series A
Saudi-based point of sale startup NearPay has closed a US$3.6 million pre-series A funding round led by Vision Ventures, with participation from Hala Ventures, Arzan VC, Palm Ventures, and angel investors. Founded in 2020, NearPay provides a solution that allows merchants
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Apple Pay Targets Middle East Markets Starting with Saudi Arabia
Apple continues the rollout of its Apple Pay digital wallet service around the world, launching in Saudi Arabia in February, marking its 34th market. In Saudi Arabia, Apple Pay initially launched with support for the Saudi Payments Network (MADA), Alinma
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What is Driving the Rise of Mobile Payments in UAE?
Mobile payments are on the rise in the United Arab Emirates (UAE) as the country’s young population is eager to embrace the latest technologies. Mastercard registered in record number of secure mobile transactions in 2018, which it credited to the
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Mobile Payments in the Middle East: News Roundup
The Middle East is witnessing a burgeoning mobile payment market with a number of players offering a multitude of diverse services. The United Arab Emirates (UAE) in particular has seen a boom in the number of available mobile payment services.
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Fintech to Solve Financial Exclusion in Egypt
In Egypt, fintech is set to play a key role in providing basic financial services to the large pool of unbanked people, according to experts and industry observers. Egypt is the most populous nation in the Middle East and North
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Iraq Underdeveloped Financial System Both A Challenge And An Opportunity For Fintech
With 11% of the population having a formal banking account, the lowest number of ATMs in the Middle East and Northern Africa (MENA), and a smartphone penetration of just 17%, the lowest in the region, Iraq is not what we
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