Posts From Fintechnews Middle East

Businesses Are Banking On 3DS2 for Secure Checkout in MENA’s Us$50B e-Commerce Market

The accelerated digitization brought on by the Covid-19 pandemic has boosted an already popular retail market in the Middle East and North Africa (MENA) region, bringing it to a new, larger, and global online sphere. Marketplaces, financial services providers, and

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Abu Dhabi Accelerator Hub71 Accepts 7 Fintech Startups for Its New Cohort

Hub71, Abu Dhabi’s global tech ecosystem, has accepted 7 fintech startups to join its growing community as part of accelerating the Emirate’s position as an innovation hub. The cohort which comprises a total of 16 startups, which has already raised

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Israel’s SHVA Selects Netcetera to Upgrade the Security of Online Payments

Netcetera, a Swiss software company that provides secure digital payments, has announced that it has partnered with Israel-based Automated Banking Services (SHVA). Through this partnership, Netcetera will be providing its 3-D Secure Acquiring solution suite to SHVA which will be

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Egypt’s Paymob Raises US$50 Million in Series B Fundraise

Paymob, Egypt’s omni-channel merchant financial services platform, announced it has raised US$50 million in a Series B funding round led by Kora Capital, PayPal Ventures, and Clay Point. This Series B funding round brings Paymob’s total funding to over US$68.5

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Qatar Strives to Become a Global Fintech Hub

Striving to turn the country into a major fintech hub, the Qatar government has introduced a number of programs and initiatives to support local startups and entice international fintech companies to set up shop domestically and choose the nation as

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Dubai’s Virtual Assets Regulatory Authority Makes Its Debut in the Metaverse

Dubai’s Virtual Assets Regulatory Authority (VARA) announced its entry into the metaverse with the establishment of its Metaverse HQ in ‘The Sandbox’. VARA MetaHQ will serve as its primary channel to engage Virtual Asset Service Providers (VASPs) across the globe

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Fintech Becomes Favoured Investment Focus in MENA

In the Middle East and North Africa (MENA), fintech has emerged into the preferred investment target of investors. Between 2019 and 2021, the fintech sector captured the largest portion of dollars invested across all tech sectors, more than double enterprise

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Dubai Crown Prince Launches a AED370 Million Startup Growth Fund

His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai, approved the launch of the ‘Venture Debt Fund for Startups’ to bolster and sustain startup projects in the

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Banque Saudi Fransi Taps Backbase to Elevate Its Customers’ Digital Experience

Banque Saudi Fransi (BSF) has announced a new partnership with Backbase, an engagement banking platform provider, to transform its digital customer experiences. The bank said in a statement that the Backbase platform will enable a superior customer experience for its

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10 Fintech Accelerators to Know in the UAE

With over 400 fintech companies, the United Arab Emirates (UAE) is a major hub for fintech innovation in the Middle East and North Africa (MENA) region. Fast growth of the industry has been fueled by a number of fintech initiatives

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