Posts From Fintechnews Middle East
BFC Payments Launches an Advanced Multi-Currency Travel Card
BFC Payments , the Fintech arm of BFC Group Holdings W.L.L., has collaborated with M2P Fintech, an Asian largest API infrastructure company, to launch an advanced multicurrency card, BFC PAY TRAVEL BUDDY that offers international travelers great convenience as it
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Payments Firm BPC Extends Partnership With Bahrain-Based Fintech IPS
Payment solutions provider BPC announced that it has extended its collaboration with Bahrain-based International Payment Services (IPS). As part of the agreement, BPC will allow IPS to extend the use of its open system e-payment platform ‘SmartVista’. Headquartered in Bahrain
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Mashreq Neo Hires New Head of Digital and Personal Banking
Mashreq, one of the leading financial institutions in the UAE, has appointed Radu Topliceanu as its new Head of Neo and Personal Banking. In this role, he will help Mashreq grow its digital bank Neo as well as its Personal
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Qatar Sees Increased Traction from International Fintech Companies
Though less developed than neighboring countries including the United Arab Emirates (UAE) and Saudi Arabia, Qatar’s fintech industry has continued to grow and attract international businesses over the past year. Owing to continuous support from regulators and several initiatives introduced
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2022 in Review: Key Fintech Initiatives and Developments in the UAE
Over the past years, the United Arab Emirates (UAE) has emerged as a leading fintech hub in the Middle East and North African (MENA) region, a position it has secured thanks to its innovation-enabling regulatory environment, government support as well
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Saudi Central Bank Launches Open Banking Lab
The Saudi Central Bank (SAMA) announced the launch of the Open Banking Lab according to the Open Banking Framework issued by SAMA November 2022. The Open Banking Lab aims to enable innovation and accelerate the development of open banking services
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Digital Turkish Lira: Turkey Completes First CBDC Pilot Transactions
In the scope of the first-phase studies of the Digital Turkish Lira Project, conducted under the leadership of the Central Bank of the Republic of Türkiye (CBRT), the first payment transactions on the Digital Turkish Lira Network were executed successfully.
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Jordan, Iraq, Egypt Central Banks Collaborate With Buna for Pension Payments
The central banks of Iraq, Jordan, and Egypt has leveraged Buna, a cross-border payment system operated by Arab Regional Payments Clearing and Settlement Organization (ARPCSO) owned by the Arab Monetary Fund, to make pension payouts easier. The initial phase will
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Central Bank of UAE Plans New Instant Payment Platform
His Excellency Khaled Mohamed Balama, Governor of the Central Bank of the UAE (CBUAE), chaired a meeting with the UAE banking sector CEOs and representatives of Foreign Exchange and Remittance Group in the UAE. The meeting highlighted the financial sector
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Top 15 Most Well-Funded Fintech Companies in Middle East
In 2022, technology startups in the Middle East and North Africa (MENA) region continued to attract funding, securing a total of US$1.8 billion in the first half of the year, a sum that represents a 46% year-over-year (YoY) increase, data
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