Posts From Fintechnews Middle East

Dubai’s Sandbox Sees The Largest Number of Application to Date

The Dubai Financial Services Authority (DFSA) announced that it has accepted 16 firms into its 2020 Summer Innovation Testing Licence (ITL) Cohort. The ITL programme provides a unique environment that helps firms to test innovative solutions in and from the

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UAE Central Bank and ADGM Invite Fintech Applications for the 2020 Innovation Challenge

The Central Bank of the UAE (CBUAE) and Abu Dhabi Global Market (ADGM), are pleased to invite applications from local and international FinTechs to participate in the 2020 edition of the FinTech Abu Dhabi Innovation Challenge. The Innovation Challenge is one of

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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 latest data from the Johns Hopkins University. But besides the human cost, the impact of COVID-19 is also being felt

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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 their strategy, with most choosing to follow a “wait and see” approach, according to a new report by Deloitte. In

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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 swept the world off its feet with lockdowns worldwide and countries closing off their borders for the first time. Washing

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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 on many sectors, including the startup ecosystem. According to a research conducted by Wamda and Arabnet, released in May, 71%

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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). As the COVID-19 outbreak continues to impact the way we live, work, and operate, very few startups in the region

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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 Hopkins University. In addition to the serious health implications, the virus is also having a several impact on businesses and

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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 enabler in the Middle East and Africa, announced the launch of Direct Carrier Billing (DCB) on the Google Play store.

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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 in the Regulatory Sandbox. These companies have, therefore joined the list of companies permitted in the two previous cohorts, bringing

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