Posts From Fintechnews Middle East

Africa and the Middle East, the Next Battleground for E-Commerce Companies

E-commerce in Africa and the Middle East is poised for growth. Thanks to a combination of fast-growing developing markets, highly affluent, connected, yet underserved mature markets, and growing Internet and smartphone penetration, according to PPRO Financial’s Payments & E-commerce Report

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Saudi Arabia: 18 Companies Join Fintech Regulatory Sandbox

The Saudi Arabian Monetary Authority (SAMA) has selected 18 companies to form the second batch of ventures to join its fintech regulatory sandbox. The companies will be testing fintech solutions they intend to launch in the country. The 18 companies

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10 Fintech Startup Funds and Support Programs in the UAE

The United Arab Emirates (UAE) has been working towards becoming one of the world’s top ten innovation leaders by 2021. Earlier this year, the UAE government announced that it would provide long-term visas to founders and owners of tech startups

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Mastercard Partners with Bahrain FinTech Bay to Foster Fintech Innovation in the Kingdom

Mastercard announced a partnership with Bahrain FinTech Bay in their effort to support the development of Bahrain’s fintech industry. Through the partnership, Mastercard and Bahrain FinTech Bay will work together to offer Bahraini startups and SMEs with educative and commercial

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Meet the 10 Fintechs Selected Startupbootcamp’s First Ever Cairo Cohort

Egypt’s multi-partner backed FinTech accelerator program Startupbootcamp-Pride FinTech Cairo holds its first Demo Day to present 10 graduating startups to investors, industry experts and entrepreneurship ecosystem stakeholders on the 22nd of May. The maiden programme was first announced officially in

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Abu Dhabi Islamic Bank Joins Trade Finance e-Marketplace

Abu Dhabi Islamic Bank announced that it signed on to be part of TradeAssets, a trade finance e-marketplace headquartered in UAE. By being part of this fintech platform Abu Dhabi Islamic Bank will be able to use TradeAsset to automate

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African Startup Wari Enables Customers to Request Financial Services on WhatsApp

WhatsApp has become a integral part of many of our lives,  over 1 billion people in over 180 countries use WhatsApp to stay in touch with friends and family. Wari, an African-based startup said that Whatsapp’s ubiquity is precisely the

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National Bank of Bahrain Embraces Open Banking

National Bank of Bahrain (NBB) announced that they have started enabling open banking services to its customers. This service enables account holders to share their account information and payment history externally with other banks and with licensed third parties. NBB’s

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Abu Dhabi Reviews Crypto Asset Regulation to Include Stablecoins

The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) announced that it has enhances has enhanced its “Guidance for the Regulation of Crypto Asset Activities”. This is the second edition to the initial guidance published in June 2018.

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Visa Partners with Bahrain Fintech Bay to further Develop Bahrain’s Fintech Ecosystem

Visa has partnered with Bahrain FinTech Bay to further support the development of the FinTech ecosystem in Bahrain. Bahrain FinTech Bay was established a year ago and it claims to have around 100 partners . The partnership will focus on

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