Fintech News Middle East

Dubai

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

Abu Dhabi

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

Dubai

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

Saudi Arabia

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

Dubai Fintech Startup of the Week

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

Various

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

Dubai

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”

Saudi Arabia

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

Dubai

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

Report

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

Various

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

Dubai Fintech Startup of the Week

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

Various

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).

Abu Dhabi

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

Fintech Startup of the Week

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

Egypt

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

Bahrain

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

Dubai

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

Dubai

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

Saudi Arabia

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

Saudi Arabia

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

Abu Dhabi

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

Abu Dhabi

SHUAA Capital Launches Covid Support Package for UAE Technology SME’s

SHUAA Capital, an asset management and investment banking platform in the region, announced it will provide free expert advisory services

Abu Dhabi

Oneconnect Appointed as Technology Partner to Support ADGM’s Digital Lab

OneConnect Financial Technology, a leading TaaS company for financial institutions in China, has been appointed by Abu Dhabi Global Market,

Abu Dhabi

The Financial Services Regulatory Authority of Adu Dhabi Launches 3 Regtech Initiatives

The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) announced that it has launched three RegTech pilot

Abu Dhabi

ADGM Academy and Abu Dhabi School of Government Partner to Enhance Talent Development

Abu Dhabi Global Market Academy (ADGMA) signed an MoU with the Abu Dhabi School of Government (ADSG) to advance talent development in

Dubai

Startupbootcamp Fintech Dubai Second Cohort Raises $2.8m

Startupbootcamp FinTech Dubai’s second cohort has completed its accelerator program featuring 10 start-ups from the UAE, Singapore, USA, India, Finland,

Various

Aurus Reaches Important Milestone As It Unveils Stablecoin Supported PoS Terminals

Aurus Technologies, the company behind the premier decentralized gold-backed token launches point-of-sale devices to handle stablecoin payments and direct settlements

Israel Top Picks

Israel’s First Fully Digital Bank Starts Soon

Tata Consultancy Services (TCS), a leading global IT services, consulting and business solutions organization, announced that Israel’s first fully digital