Abu Dhabi

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 Emirates (UAE). Recharge.com will provide a one-stop-shop marketplace for various categories of branded payments, including call credit, data bundles, shopping,

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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 Arab Emirates (UAE). With acquiring capabilities in the UAE, Adyen provides both domestic and international businesses with an improved payments

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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 Emirates (UAE) in the first half of 2022 which is its second Middle East region. AWS had previously launched its

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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 partnership will allow the NymCard’s network of fintech partners to onboard onto Visa’s global network through the latter’s Fintech Fast

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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 by supporting the latter’s faster payment product, QuickRemit, which was launched in 2017. As a result of the partnership, Mashreq

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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 financial messaging services, on an initiative to further enhance the speed and transparency of cross-border payments. The CBUAE said that

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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 sheds light on the developments in the financial technology industry and digital financial services in the Arab countries during the

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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 (FSP) from the Financial Services Regulatory Authority (FSRA) in the Abu Dhabi Global Market (ADGM). The firm said that it

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Blockchain-Based Digital Trade Platform UTC Goes Live With 7 UAE Banks

UAE Trade Connect (UTC), a new nationwide blockchain platform co-created by Etisalat Digital and seven UAE banks and Avanza Innovations and initially ideated by First Abu Dhabi Bank, has gone live. This platform invites all UAE banks and the supply

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Abu Dhabi Financial Regulator Sets up ADGM Authority

The Board of Abu Dhabi Global Market (ADGM), the international financial center in Abu Dhabi, has approved the establishment of the ADGM Authority. This newly constituted authority will be led by Mark Nicholas Cutis as its Chief Executive Officer, who

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