Archive
Commercial Bank of Dubai and Thunes Partner to Offer Real-Time International Remittances
Commercial Bank of Dubai and global cross-border payment provider Thunes announced a partnership that will facilitate real-time cross-border transaction flows between the UAE and the rest of the world. Through this partnership with Thunes, Commercial Bank of Dubai will be
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Mamo Pay Is Working With Visa to Deliver the Next Innovation in Payments
Mamo Pay, the MENA region’s highly anticipated peer-to-peer mobile payments app, announced that it has joined Visa’s Fintech Fast Track program, allowing Mamo Pay to reach a wider audience, and benefit from the capabilities, and security of VisaNet, Visa’s global
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UAE Consumers Go Cashless as Trust in Digital Payments Surges Amid COVID-19
Dubai Police, Dubai Economy (DED), and Visa released findings of a survey on the impact of COVID-19 pandemic on payment behavior of consumers in the UAE. The survey also looks at consumers’ general views, preferences and concerns related to digital
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Saudi Monetary Authority Deployed Blockchain Tech for Money Transfer With Local Banks
Saudi Arabian Monetary Authority (SAMA) has recently used blockchain technology to deposit part of the liquidity that SAMA had previously announced, to be injected into the banking sector, as part of SAMA’s actions aimed at enhancing the sector’s capabilities to
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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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Kyriba Expands Footprint in Middle East and Africa
Kyriba, a global liquidity solutions provider announced a partnership with Midis Group, a technology organization, comprising some 170 companies across 70 countries in the EMEA region. The alliance will enable the delivery of localized services and support in these regions
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Dubai Financial Services Authority Published Discussion Paper on Digital Assets Custody
The Dubai Financial Services Authority (DFSA) along with Deloitte Middle East published “A Market Overview of Custody for Digital Assets” with the aim of highlighting the importance of digital asset custodians and the key role they play in the future
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Pay Later Solution Tabby Secures $7m Funding to Launch in Saudi Arabia
Tabby, the UAE-based FinTech startup and the region’s first Buy Now Pay Later solution, today announced it has raised $7M to fund its growth and launch its offering in Saudi Arabia. The funding round was led by Raed Ventures with
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DIFC’s 100USD Million Fintech Fund Invests in 4 Fintech Startups
Dubai International Financial Centre (DIFC) announced that it has invested in four FinTech start-up companies. The investment reflects the DIFC’s commitment to driving the future of finance and is part of the USD 100 million FinTech Fund launched in 2019
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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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