Fintech News Middle East

Abu Dhabi Saudi Arabia

Abu Dhabi Proptech Startup SmartCrowd Secures Saudi Fintech Licence

SmartCrowd Holdings, a regional pioneer in fractional real estate investments, has been granted a FinTech experimental license by the Saudi

Dubai

Tabby Secures $150M Credit Facility From Atalaya Capital

Tabby, MENA’s payments and shopping app, has secured $150 million in debt financing from Atalaya Capital Management and existing investor

Dubai

SC Ventures Launches Fintech Startup in Dubai

SC Ventures announced the launch of Appro, a fintech startup that digitises, streamlines and simplifies the retail banking user journey.

Dubai

New Payments Index 2022: UAE Consumers Embrace Digital Payments

Adoption of a broader range of digital payment methods is accelerating in the UAE and the technology fueling the future

Dubai

Top 4 Emirates Skywards Miles Credit Cards in the UAE

For frequent flyers, travel reward schemes are an extremely useful resource which helps them save money on their travel experience,

Qatar

Direct Remittance Service From Qatar to the Philippines Through Ripplenet

QNB,one of the largest financial institution in the Middle East and Africa, has launched Direct Remittance service for money transfers

Dubai

Huobi Secures Provisional Approval From Dubai Virtual Assets Regulatory Authority

Cryptocurrency exchange Huobi Group announced that it has been granted a MVP provisional approval by the Dubai Virtual Assets Regulatory

Dubai

Dubai Launches Its Official Metaverse Strategy

In line with the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler

Dubai

Dubai Freezone Cements Position as Leading Regional Fintech Hub

The Dubai International Financial Centre (DIFC), the city’s financial freezone, is aggressively cementing its position as the top fintech hub

Dubai

FICO, Network International Offer Enhanced Fraud Protection Solutions for Lenders

Global analytics software provider FICO and Network International, a provider of payments solutions to merchants and financial institutions across the

Dubai

The Role of Financial Centers in Driving Innovation

Around the world, financial centers and the organizations that represent them are leading efforts to strengthen their countries’ financial markets,

Dubai

Dubai Neobank YAP Raises US$41 Million to Fuel Its Growth Plans

Dubai-based neobank YAP announced that it had raised US$41 million to fund its operations and growth. The latest investment comes

Various

Organizations Struggle with Increased IT Complexity

These past couple of years have seen the pace of digital transformation increase dramatically as organizations globally moved to the

Qatar

Qatar National Bank Launches WeChat Pay and Alipay+

Qatar National Bank (QNB) has announced the launch of WeChat Pay and AliPay+ to its existing broad range of payment

MENA’s Demand for Payment Hubs Rises as Open Banking Fuels Cross-Border Flows

The accelerated digitalisation that swept the globe in the last two years has led to widespread adoption of digital financial

Dubai

Etisalat by e& Rolls Out ‘GoChat Messenger’ for Free Voice and Video Calling

Etisalat UAE, a telecoms company branded as etisalat by e&, announced the launch of GoChat Messenger, an all-in-one free voice

Bahrain

Backbase Partners With Bahrain Fintech Bay to Boost Digital Banking Adoption

Digital banking software provider Backbase and Bahrain Fintech Bay (BFB), a fintech hub in the Middle East and North Africa

Dubai

Wealth Today Summit Spotlights Rising Institutional Adoption of Crypto

The wealth and investment landscape has seen its fair share of changes over the last few years and new technologies

Digital ID Verification, Remote Document Signing to Become the Norm in Finance Sector

The pandemic has accelerated the growth of non-face-to-face interactions, forcing banks, merchants and others to swiftly deploy digital tools to

Dubai

UAE Proptech Huspy Raises $37 Million in Series A

Huspy, the EMEA proptech startup, has announced a $37 million Series A funding round led by Sequoia Capital India to

Dubai

Huobi Group Secures DIFC Innovation License From Dubai Regulator

Huobi Group, a global blockchain asset financial services provider, announced that it has secured a DIFC Innovation License in Dubai.

Pakistan

BNPL Emerges as New Favorite Payment Option in MENA-Pakistan

In the Middle East, North Africa and Pakistan (MENAP) region, exponential growth in the e-commerce market is fueling the rise

Dubai

Mashreq Offers Fully Integrated Mobile IPO Subscription Service

Mashreq is the first bank to go live with its digital IPO subscription through its mobile application. The bank’s retail

Oman

Revolut Has Now Expanded Its Footprint to Oman

Challenger bank Revolut announced that a streamlined version of its app is launching in Oman in the next couple of

Abu Dhabi Jordan

ADQ and Jordan’s Ministry of Digital Economy and Entrepreneurship Launch $100 Million Tech Fund

ADQ, an Abu Dhabi-based investment and holding company, announced the launch of a $100 million technology-focused venture capital fund with

Abu Dhabi

NymCard Increases Funding to $35M

NymCard – MENA-based Banking as-a-Service (BaaS) provider and card issuer has raised $22.5M in its latest Funding round. This will

Bahrain Dubai Qatar Saudi Arabia

Robo Advisers Are on the Rise in the MENA Region

Wealth managers in the MENA region are expecting strong growth in the number of robo advisers and digital only wealth

Saudi Arabia

Hyperpay Raises $36.7 Million Led by Mastercard

KSA-based and MENA servicing payments services provider HyperPay has successfully raised $36.7 million (SAR 138 million) in a funding round

Dubai Sponsored

Weekly Crypto Meetups in the UAE by XT.com

XT.com, the World’s First Social Infused Exchange, announces its much-awaited weekly crypto meetups. XT.com is delighted to invite crypto enthusiasts,