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

Read More

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

Read More

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

Read More

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

Read More

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

Read More

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

Read More

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

Read More

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

Read More

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

Read More

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.

Read More

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,

Read More

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

Read More

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

Read More

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

Read More

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

Read More

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

Read More

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

Read More

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

Read More

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

Read More

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

Read More

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

Read More

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

Read More

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

Read More

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

Read More

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

Read More

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

Read More

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

Read More

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

Read More

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

Read More

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

Read More