Fintech News Middle East

Israel, Norway and Sweden Explore Interlinking CBDC Systems for International Payments

The Bank of Israel, Norges Bank, Sveriges Riksbank and the Bank for International Settlements (BIS) are launching Project Icebreaker to

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Here Are the Top 5 Fintech Startups in the Middle East on LinkedIn in 2022

Five fintech companies made LinkedIn’s second annual top startups list featuring 10 companies in the UAE that it says is

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Tabby, Paymob Partner to Enable BNPL Payments for Retailers in Egypt

BNPL shopping app Tabby and payments company Paymob have partnered to enable in-store and online retailers in Egypt to benefit

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DIFC Launches ESG Self-Assessment Tool for Companies

The Dubai Sustainable Finance Working Group (DSFWG) has introduced a self-assessment tool for companies to measure the maturity of their

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Fintech Galaxy Appoints Salt Edge’s Senior Execs As Its New COO and CFO

Open banking platform Fintech Galaxy announced the addition of executive team members as it looks to ramp up its product

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Abu Dhabi’s ADQ Launches US$200M Fund for Early Stage Startups

Abu Dhabi sovereign wealth fund ADQ has launched a new venture capital firm called Further Ventures, serving as the anchor

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Meet the 21 Startups in DIFC’s 2022 Fintech Accelerator Bootcamp

The Dubai International Financial Centre’s (DIFC) Fintech Hive has launched Sprint B of its 2022 Fintech Accelerator Programme featuring 21

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Noble Raises US$18M Series A to Expand Its Credit Products Platform to the US

Tel Aviv-based fintech Noble, the no-code platform for credit products, has raised US$18 million in Series A funding led by

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Dubai’s noqodi Partners With Mastercard to Enable Contactless Payments

Dubai-based payments company noqodi has partnered with Mastercard to allow consumers and businesses to make and accept contactless payments. The

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eToro Adds ESG Scores to 2,700 Stocks

Israeli social investing platform eToro has added environmental, social, and governance (ESG) scores for over 2,700 stocks on its platform,

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Iran Begins Piloting Its CBDC “Crypto-Rial”

The Central Bank of Iran (CBI) will start piloting the use of the “crypto-rial” — its central bank digital currency

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Binance Bags License to Offer More Virtual Asset Services in Dubai

Crypto platform Binance has received the Minimal Viable Product (MVP) license from Dubai’s Virtual Asset Regulatory Authority (VARA), after receiving

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eToro Gets ADGM’s In-Principle Approval to Operate as an Investment Broker

Israeli social investing platform eToro has received an in-principle approval from the Abu Dhabi Global Market (ADGM) to operate as

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Verity Launches Family Banking App, Visa Debit Card for Kids and Teens

Verity has launched its family banking and financial literacy app, with a prepaid Visa card to enable children from the

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Saudi Central Bank Grants Payment Licenses to Arab Sea Financial Company and Fatoraah

The Saudi Central Bank (SAMA) has granted e-commerce payment licenses to Arab Sea Financial Company and Fatoraah, bringing the total

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Wio Bank Launches in the UAE With Digital Banking App for Startups and SMEs

Wio Bank has officially launched in the UAE with its first digital banking app Wio Business that aims to serve

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IDnow is Supporting the IATA’s Vision of a Digital Identity System for Airports

Dubai-based identity proofing solutions provider IDnow announced its participation in the International Air Transport Association’s (IATA) Accelerate@IATA 2022 accelerator programme.

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Emirates NBD Launches API Developer Portal With Access to APIs in 6 Categories

UAE banking group Emirates NBD has launched Emirates NBD API Souq, a financial Application Programming Interface (API) developer portal to

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MBRIF Alumni Direct Debit Marketplace Launches to Facilitate Recurring Payments

UAE fintech Direct Debit Marketplace has launched a platform to allow merchants to accept direct debits for recurring payments such

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Klickl Gets ADGM Approval to Operate as a Crypto Broker-Dealer and Custody Provider

Klickl is the latest cryptocurrency platform to receive the in-principle approval (IPA) of the Financial Services Permission (FSP) from Abu

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liwwa Secures US$18.5M to Grow Its P2P Lending Platform and Expand in Egypt

Amman-based lending fintech liwwa has secured US$18.5 million in its Pre-Series B fundraising round. The company lends to small and

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Digital Banking Adoption Soars in the UAE

In the United Arab Emirates (UAE), rapid digital adoption brought about the COVID-19 pandemic has accelerated the continued interest in

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UAE-Based Payments Startup Ziina to Expand Digital Wallet Offering to Jordan

UAE-based payments start-up Ziina has announced plans to expand to Jordan. The company previously launched their digital wallet in February 2022

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Emirates Development Bank Now Offers up to AED 5 Million in Loans on Its App

Emirates Development Bank (EDB) announced a new lending feature offered in partnership with peer-to-peer (P2P) lending platform Beehive that allows SMEs

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Wix’s UK-Based Merchants Can Now Accept Payments With Vyne

Account-to-account payments platform Vyne entered a new partnership with web development platform Wix that gives Wix’s UK-based merchants access to

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8 Rising Fintech Startups in Israel

Israel is home to a dynamic fintech ecosystem with global reach and traction. In 2021, Israeli-founded fintech startups raised a

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Ooredoo and iPay by Vodafone Awarded Qatar’s First Digital Payment Licenses

Qatar Central Bank (QCB) has issued the country’s first digital payment licenses to Ooredoo Money and iPay by Vodafone Qatar.

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Saudi Central Bank Updates Its Regulatory Sandbox Framework to Drive Innovation

The Saudi Central Bank (SAMA) announced that it has updated its Regulatory Sandbox framework as part of its efforts to

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AWS Launches New Cloud Region in the United Arab Emirates

Amazon Web Services (AWS) announced the launch of its AWS Middle East (UAE) Region, the second of its kind following

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Abu Dhabi Accelerator Hub71 Selects 6 Fintechs for Its Latest Cohort

Hub71, Abu Dhabi’s global tech ecosystem, has selected six fintechs to be a part of its latest cohort of tech

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