Fintech News Middle East
Dutch Payments Firm Adyen Strengthens Middle East Team With New Hire
Adyen, a Dutch payments platform, has strengthened its regional leadership team with the appointment of Mahmoud Ismail, as Vice President
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8 Upcoming Live and Virtual Fintech Events in the Middle East
Over the past years, the fintech sector in the Middle East has seen substantial growth. According to the State of
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Dubai’s P2P Payments Firm Ziina Raises US$7.5 Million Ahead of Saudi Expansion Plans
Ziina, the UAE’s Peer-to-Peer (P2P) payment application backed by Y-Combinator (YC), announced its latest funding round of US$7.5 million. The
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Israel Witnessed the Third Highest Surge in Fintech Interest Worldwide
Over the past year, Latvia, Zimbabwe and Israel have witnessed the highest surge in fintech interest worldwide, an analysis by
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Dutch Fintech Recharge.com Rolls Out Services in Saudi and the UAE
Dutch payments company Recharge.com announced the launch of its services in the Kingdom of Saudi Arabia and the United Arab
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Dutch Payments Platform Adyen Expands Its Acquiring Offering to the UAE
Adyen, a global payments platform based in Netherlands, announced the expansion of its local acquiring services to include the United
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Fintech Development in Algeria Lags Behind MENA Counterparts
Despite strong mobile phone penetration and high mobile broadband connectivity, fintech development in Algeria is still underwhelming compared to other
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Bahrain Named World’s Most Financially Attractive City for 3rd Consecutive Year
Bahrain has topped the globally recognised AIRINC Global 150 Cities Index financial attractiveness ranking for the third straight year, which
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PayBy’s Contactless Payment Option Now Available At Al Maya Supermarkets Across UAE
PayBy, an Abu Dhabi-based payments startup, has partnered with Al Maya Group to provide the latter with secure, contactless payment
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NEC Payments Taps Netcetera’s 3DS 2.0 Solution for Enhanced Security
Bahrain-based payment services provider NEC Payments has selected Netcetera for its 3DS 2.0 solution, the latest in payment security protocols.
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Dubai’s Free Trade Zone DMCC Sets up Crypto Center in Dubai
The Dubai Multi Commodities Center (DMCC), world’s flagship Free Zone and Government of Dubai’s authority on commodities trade and enterprise,
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New DIFC Innovation Hub Launched to Spur on Dubai’s Fintech Ecosystem
The DIFC Innovation Hub has been officially launched as part of the new Dubai Future District announced in January 2020
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AWS to Set Up 3 Data Centers in the UAE by 2022
Amazon Web Services (AWS), an Amazon.com company, announced that it plans to open three data centers in the United Arab
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NEC Payments Joins Mastercard Fintech Express Programme as Global Partner
Mastercard has announced that NEC Payments, a payment services provider licensed and regulated by the Central Bank of Bahrain, is
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Report: Payment Assets High on the Agenda for Leading MENA Banks
Wholesale banking has been undervalued yet delivered impressive results through the pandemic, according to a new report released by Oliver
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UAE-Based BaaS Provider NymCard Joins Visa’s Fintech Fast Track Programme
UAE-based BaaS provider of embedded finance NymCard announced that it has it has joined Visa’s Fintech Fast Track programme. The
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Bahrain’s Central Bank Analyses Banks’ Readiness for Open Banking
The Central Bank of Bahrain (CBB) published its commentary on the progress made by retail banks in Bahrain on implementation
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Dubai’s P2P Payment App Mamo Raises $8 Million in Pre-Series A Funding
Mamo, a Dubai-based digital wallet and peer-to-peer payments platform, announced that it has raised US$8 million in its latest Pre-Series
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NETZ Coin Offers Unique and Sustainable Long-Term Value to Holders
NETZ Coin is a 2.0 Generation Security token developed by Net Zero Enterprises, led by a team that, over 36
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Bahrain’s Central Bank to Pilot Digital Currency for Real Time Cross Border Payments
The Central Bank of Bahrain (CBB) is collaborating with J.P. Morgan and Bank ABC to introduce real time cross border
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South Africa, Nigeria and Kenya: Africa’s Largest Fintech Hubs
In Africa, South Africa, Nigeria and Kenya have the three most developed fintech ecosystems, combining more than 450 companies. This
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Federal Bank Partners Mashreq Bank for Instant Money Transfers From UAE to India
Federal Bank has entered into a strategic tie-up with Mashreq Bank to facilitate money transfers from the UAE to India
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Zurich Taps Amazon Payment Services to Offer Digital Payments Option in the Middle East
Amazon Payment Services (APS), a payment processing services provider, has partnered with Zurich International Life Limited to offer digital payments
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Kuwait Finance House Rolls Out E-Wallet in Partnership With Samsung, Fitbit and Garmin
Kuwait Finance House (KFH) announced that it has launched its digital wallet service through smart mobiles and watches in cooperation with
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UAE’s Central Bank Taps SWIFT to Enhance Cross-Border Payments
The Central Bank of the UAE (CBUAE) announced that it has been working with SWIFT, a global provider of secure
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Top 5 Ranked Arab Countries in Fintech- New Arab Monetary Fund Index
The Arab Monetary Fund launched the Index of Modern Financial Technologies in the Arab countries called the FinxAr. The index
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Dubai Crypto Firm BitOasis Secures Regulatory Approvals from ADGM
BitOasis, a digital asset trading exchange and platform in Dubai, announced that it has been granted a Financial Services Permission
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Dubai’s Free Trade Zone Breaks 7 Year Record for New Firm Registrations in April
Dubai Multi Commodities Centre (DMCC), a Dubai government authority on commodities trade and enterprise, has welcomed 216 new businesses to
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Commercial Bank of Dubai Launches Robo-Advisory Investment App With InvestSuite
The Commercial Bank of Dubai announced the launch of its CBD Investr app which offers a robo-advisory investment solution. Developed
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Saudi Payments Unveils Instant Payments System Sarie With IBM and Mastercard
Saudi Payments, under the supervision of the Saudi Central Bank (SAMA) announced the launch of Saudi Arabia’s instant payments system
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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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