Fintech News Middle East

Regtech Startup Konsentus Launches in Saudi Arabia

Open Ecosystem RegTech provider, Konsentus, establishes its MENA regional base in the Kingdom of Saudi Arabia to provide open data

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Mastercard Partners With EazyPay in Bahrain

Mastercard has partnered with Bahrain’s fintech and payment service provider Eazy Financial Services (EazyPay) that will now be powered by

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Dubai Accounting Startup Wafeq Raises $3 Million Seed Round

Wafeq, a modern and easy-to-use accounting platform, has announced the completion of its $3 million seed round. The Dubai headquartered

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Pakistan Central Bank Shortlists Five Players for Digital Banking License

The State Bank of Pakistan (SBP) has unveiled the granting of no objection certificates (NOCs) to five applicants of its

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Saudi Licenses Two Additional Debt-Based Crowdfunding Fintech Startups

The Saudi Central Bank (SAMA) announced the licensing of two finance companies specialized in debt-based crowdfunding, namely: Forus and Tameed.

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Saudi Central Bank Continues CBDC Trials

The Saudi Central Bank (SAMA) continues to experiment on Central Bank Digital Currency (CBDC) as it is currently working on

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VC Funding Soars in Saudi Arabia, Propelled by Fintech

2022 was a record-breaking year for venture capital (VC) investment in Saudi Arabia. Startups in the country secured a total

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UAE Spend Management Startup Alaan Secures $4.5 Million Pre-Series A Funding

UAE-based Alaan, the leading spend management platform for Middle Eastern businesses, announced today that it has raised $4.5 Million Pre-Series

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Tabby Raises $58M Series C: PayPal Ventures With First Regional Investment

Tabby, MENA’s  shopping and financial services app, has raised $58 million from Sequoia Capital India, STV and PayPal Ventures, Mubadala

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Payments Firm BPC Extends Partnership With Bahrain-Based Fintech IPS

Payment solutions provider BPC announced that it has extended its collaboration with Bahrain-based International Payment Services (IPS). As part of

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Mashreq Neo Hires New Head of Digital and Personal Banking

Mashreq, one of the leading financial institutions in the UAE, has appointed Radu Topliceanu as its new Head of Neo

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Qatar Sees Increased Traction from International Fintech Companies

Though less developed than neighboring countries including the United Arab Emirates (UAE) and Saudi Arabia, Qatar’s fintech industry has continued

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2022 in Review: Key Fintech Initiatives and Developments in the UAE

Over the past years, the United Arab Emirates (UAE) has emerged as a leading fintech hub in the Middle East

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Saudi Central Bank Launches Open Banking Lab

The Saudi Central Bank (SAMA) announced the launch of the Open Banking Lab according to the Open Banking Framework issued

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Digital Turkish Lira: Turkey Completes First CBDC Pilot Transactions

In the scope of the first-phase studies of the Digital Turkish Lira Project, conducted under the leadership of the Central

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Jordan, Iraq, Egypt Central Banks Collaborate With Buna for Pension Payments

The central banks of Iraq, Jordan, and Egypt has leveraged Buna, a cross-border payment system operated by Arab Regional Payments

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Central Bank of UAE Plans New Instant Payment Platform

His Excellency Khaled Mohamed Balama, Governor of the Central Bank of the UAE (CBUAE), chaired a meeting with the UAE

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Top 15 Most Well-Funded Fintech Companies in Middle East

In 2022, technology startups in the Middle East and North Africa (MENA) region continued to attract funding, securing a total

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Temenos Partners With NdcTech to Expand Its Market Reach in the Gulf Region

Banking software company Temenos announced that it will be granting license rights to NdcTech, a wholly owned subsidiary of Systems

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Egypt’s New Financial Inclusion Strategy

The Central Bank of Egypt (CBE) has launched its Financial Inclusion Strategy 2022-2025, a national development plan focusing on expanding

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Middle East Digital Banking Sector Growing at a 43% Annual Rate

Since 2012, the Middle Eastern digital banking market has experienced sustained growth, rising at a 43% compound annual growth rate

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Saudi Arabia Fintech Funding Jumped 54% This Year

Despite a global startup funding pullback, Saudi Arabian fintech industry continued to grow and mature this year. Companies in the

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Mastercard Brings Apple Pay to Kuwait

Mastercard brings Apple Pay to its cardholders in Kuwait Customers simply hold their iPhone or Apple Watch near a payment

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Saudi Central Bank Licenses New Fintech Company Specialized in Debt-Based Crowdfunding

The Saudi Central Bank (SAMA) announced the licensing of Manafa – a finance company specialized in debt-based crowdfunding in the

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Al-Futtaim Malls Introduces ‘Buy Now Pay Later’ Payment Option With Tabby Card

Al-Futtaim Malls announced a partnership with Tabby to launch the Tabby Card for shoppers to use across all eligible stores in

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Etisalat Partners With Abu Dhabi Global Market to Digitally Enable Startups and Businesses

Etisalat UAE, branded etisalat by e&, has partnered with Abu Dhabi Global Market (ADGM), the capital’s financial centre, to provide

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Is Fintech The Answer to Costly Fees for Cross Border Remittances in MENA?

It is very common in the Gulf Cooperation Council (GCC) part of the Middle East North Africa (MENA) region for

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IFZA Free Zone Partners With Wio Bank to Provide Digital Banking Services

IFZA Dubai, an UAE international Free Zone, has entered into a partnership agreement with Wio Bank, the region’s first platform

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UBS Next Participates in $20 Million Series B of Israel Compliance Tech Startup

Shield, a compliance tech platform based in Tel Aviv, announced its $20 million Series B financing round, which was led

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UAE Consumers Share Interest in Embedded Finance

Embedded finance is a booming trend that’s rising all over the world, a phenomenon that’s only expected to increase moving

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