Fintech News Middle East
Israel Stock Exchange Launches Blockchain Securities Lending Platform
The Tel-Aviv Stock Exchange (TASE) announced the launch of a Central Blockchain Securities Lending Platform in Israel. The platform will
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Dubai Pushes Region’s First Digital Security Capital Raise
Dubai International Financial Centre (DIFC) has announced that investment banking and wealth management firm GRIP is undertaking a fully digital
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Oman Air Partners with BankDhofar to Provide Instant Payment Solution
BankDhofar joined hands with Oman Air to launch an e-commerce payment gateway platform. The initiative will enable Oman Air customers
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UnionPay and Network International Introduces a COVID-Safe Drive-In Cinema Experience
Merchant clients of Network International, an enabler of digital commerce in the Middle East and Africa, supported by globally-recognised bankcard
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Tabby’s Pay Later Solution Launches in Saudi
tabby, a UAE-based Fintech startup, has launched its “Buy Now Pay Later” solution in Saudi Arabia after completing its latest
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Dubai’s Sandbox Sees The Largest Number of Application to Date
The Dubai Financial Services Authority (DFSA) announced that it has accepted 16 firms into its 2020 Summer Innovation Testing Licence
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DEX Secures Regulatory Approval in the Abu Dhabi Global Market from the FSRA
DEX, a global digital assets marketplace headquartered in Abu Dhabi, has secured a Financial Services Permission (FSP) from the Financial
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UAE Central Bank and ADGM Invite Fintech Applications for the 2020 Innovation Challenge
The Central Bank of the UAE (CBUAE) and Abu Dhabi Global Market (ADGM), are pleased to invite applications from local and
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Commercial Bank of Dubai and Thunes Partner to Offer Real-Time International Remittances
Commercial Bank of Dubai, one of the leading national banks in the UAE, and global cross-border payment provider Thunes announced
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Mamo Pay Is Working With Visa to Deliver the Next Innovation in Payments
Mamo Pay, the MENA region’s highly anticipated peer-to-peer mobile payments app, announced that it has joined Visa’s Fintech Fast Track
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UAE Consumers Go Cashless as Trust in Digital Payments Surges Amid COVID-19
Dubai Police, Dubai Economy (DED), and Visa released findings of a survey on the impact of COVID-19 pandemic on payment
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Saudi Monetary Authority Deployed Blockchain Tech for Money Transfer With Local Banks
Saudi Arabian Monetary Authority (SAMA) has recently used blockchain technology to deposit part of the liquidity that SAMA had previously
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Upcoming Neobank Jingle Pay Promises Seamless Digital Onboarding, Multi-Currency Accounts, and More
COVID-19 continues to spread across the United Arab Emirates with now 43,364 confirmed cases, including 295 deaths, according to the
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Kyriba Expands Footprint in Middle East and Africa
Kyriba, a global liquidity solutions provider announced a partnership with Midis Group, a technology organization, comprising some 170 companies across
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Dubai Financial Services Authority Published Discussion Paper on Digital Assets Custody
The Dubai Financial Services Authority (DFSA) along with Deloitte Middle East published “A Market Overview of Custody for Digital Assets”
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Pay Later Solution Tabby Secures $7m Funding to Launch in Saudi Arabia
Tabby, the UAE-based FinTech startup and the region’s first Buy Now Pay Later solution, today announced it has raised $7M
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DIFC’s 100USD Million Fintech Fund Invests in 4 Fintech Startups
Dubai International Financial Centre (DIFC) announced that it has invested in four FinTech start-up companies. The investment reflects the DIFC’s
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Middle Eastern Banks Slow in Embracing Fintech Despite Customers Keenness
In the Middle East, despite customers’ willingness to adopt innovative fintech solutions, banks are still reluctant in integrating fintechs into
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Emirates Digital Wallet: Cashless Payments in 2020
2020 has been full of surprises, but the greatest of them so far has been the COVID-19 pandemic that
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Rise Brings Financial Services to Underserved Migrant Workers
In the Middle East and North Africa (MENA) region, the COVID-19 pandemic and the resulting lockdown have put a toll
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Report: Impact of COVID19 on the Tech Entrepreneurship Ecosystem in MENA
A research report on the impact of COVID-19 on the startup ecosystem across the Middle East and North Africa (MENA).
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Central Bank of UAE and ADGM to Jointly Host and Organise Fintech Abu Dhabi 2020
The Central Bank of the UAE (CBUAE) and Abu Dhabi Global Market (ADGM) will collaborate and jointly host and organise the
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Tabby, a “Buy Now, Pay Later” Startup Serving Saudi Arabia and the UAE
COVID-19 has already killed more than 260,000 people and infected over 3,700,000 people so far, according to data from Johns
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TPay Mobile and Vodafone Egypt Launch Digital Payment on Google Play
Vodafone Egypt, the largest mobile network operator in Egypt in terms of active subscribers and Tpay Mobile, a digital payment
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Flat6labs Bahrain Holds Their First Digital Demo Day for Its 4th Cycle
Flat6Labs Bahrain announced that it has successfully completed 4 Cycles since its launch in March 2018. Within its 2 years
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UAE Based Fintech Pointcheckout Wins Euvsvirus Hackathon Challenge
PointCheckout has developed an innovative solution using its digital wallet platform to tackle the distribution of support funds in a
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Hubpay, the Digital Wallet for the Remittance Community in the Gulf, Announces Its Seed Round
Hubpay announces its Seed funding round led by a leading US venture capital firm – Signal Peak Ventures. The investment
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Saudi Arabia Permits New Fintech Companies to Operate in Regulatory Sandbox
The Saudi Arabian Monetary Authority (SAMA) announced that it has Permitted 9 FinTech Companies as a new batch to operate
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Saudi Banks Need to Accelerate Digital Transformation Plans Amid COVID-19 Disruptions
Banks in Saudi Arabia have to revisit their digital transformation plans and strive to launch new channels that will sustain
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Dubai Welcomes Regulatory Sandbox Applications for Its 2020 Summer Cohort
The Dubai Financial Services Authority (DFSA) invites applications from local and international companies to apply to join its 2020 Summer
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10 Fintech Startups in Dubai and Abu Dhabi You Have to Know
The fintech market in the Middle East and North Africa (MENA) region is predicted to enter a new era of
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