Posts From Fintechnews Middle East

Dutch Payments Firm Adyen Strengthens Middle East Team With New Hire

Adyen, a Dutch payments platform, has strengthened its regional leadership team with the appointment of Mahmoud Ismail, as Vice President for Acquiring in the Middle East. The firm had recently announced the expansion of its acquiring capabilities in the UAE.

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8 Upcoming Live and Virtual Fintech Events in the Middle East

Over the past years, the fintech sector in the Middle East has seen substantial growth. According to the State of Fintech report, the number of startups offering financial services in the Middle East and North Africa (MENA) region doubled from

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Dubai’s P2P Payments Firm Ziina Raises US$7.5 Million Ahead of Saudi Expansion Plans

Ziina, the UAE’s Peer-to-Peer (P2P) payment application backed by Y-Combinator (YC), announced its latest funding round of US$7.5 million. The round will help the company launch its new wallet service and fuel its expansion into Saudi Arabia. Ziina plans on

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Israel Witnessed the Third Highest Surge in Fintech Interest Worldwide

Over the past year, Latvia, Zimbabwe and Israel have witnessed the highest surge in fintech interest worldwide, an analysis by the Fintech News Network found. Latvia considered as one of the most startup-friendly countries in the world Google Trends data

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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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Fintech Development in Algeria Lags Behind MENA Counterparts

Despite strong mobile phone penetration and high mobile broadband connectivity, fintech development in Algeria is still underwhelming compared to other nations in the Middle East and North Africa (MENA) region, experts say. According to World Bank experts, only 16% of

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Bahrain Named World’s Most Financially Attractive City for 3rd Consecutive Year

Bahrain has topped the globally recognised AIRINC Global 150 Cities Index financial attractiveness ranking for the third straight year, which saw impressive rankings for MENA capitals, with seven leading MENA cities in the top 16 places. Aside from the capital

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PayBy’s Contactless Payment Option Now Available At Al Maya Supermarkets Across UAE

PayBy, an Abu Dhabi-based payments startup, has partnered with Al Maya Group to provide the latter with secure, contactless payment option across 49 of its supermarkets across the UAE. When shopping in Al Maya supermarkets, customers simply present the QR

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NEC Payments Taps Netcetera’s 3DS 2.0 Solution for Enhanced Security

Bahrain-based payment services provider NEC Payments has selected Netcetera for its 3DS 2.0 solution, the latest in payment security protocols. NEC Payments is a rapidly growing digital banking and payment technology company that offers cloud-native banking-as-a-service in the Middle East.

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