Archive
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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Dubai’s Free Trade Zone DMCC Sets up Crypto Center in Dubai
The Dubai Multi Commodities Center (DMCC), world’s flagship Free Zone and Government of Dubai’s authority on commodities trade and enterprise, announced the launch of the DMCC Crypto Center. The center is a comprehensive ecosystem for businesses operating in the cryptographic
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New DIFC Innovation Hub Launched to Spur on Dubai’s Fintech Ecosystem
The DIFC Innovation Hub has been officially launched as part of the new Dubai Future District announced in January 2020 with over 350 fintech and innovation firms to spur on the fintech sector. The Dubai International Financial Centre (DIFC) is
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AWS to Set Up 3 Data Centers in the UAE by 2022
Amazon Web Services (AWS), an Amazon.com company, announced that it plans to open three data centers in the United Arab Emirates (UAE) in the first half of 2022 which is its second Middle East region. AWS had previously launched its
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NEC Payments Joins Mastercard Fintech Express Programme as Global Partner
Mastercard has announced that NEC Payments, a payment services provider licensed and regulated by the Central Bank of Bahrain, is now a global partner of Mastercard Fintech Express, which connects tech-savvy startups with traditional players such as banks. The programme
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Report: Payment Assets High on the Agenda for Leading MENA Banks
Wholesale banking has been undervalued yet delivered impressive results through the pandemic, according to a new report released by Oliver Wyman and Morgan Stanley. The wholesale and transaction banking report titled Striving to Sustain Returns found that markets and investment
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UAE-Based BaaS Provider NymCard Joins Visa’s Fintech Fast Track Programme
UAE-based BaaS provider of embedded finance NymCard announced that it has it has joined Visa’s Fintech Fast Track programme. The partnership will allow the NymCard’s network of fintech partners to onboard onto Visa’s global network through the latter’s Fintech Fast
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Bahrain’s Central Bank Analyses Banks’ Readiness for Open Banking
The Central Bank of Bahrain (CBB) published its commentary on the progress made by retail banks in Bahrain on implementation of the necessary infrastructure for compliance with Bahrain Open Banking Framework (Bahrain OBF). This was done following a grace period
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Dubai’s P2P Payment App Mamo Raises $8 Million in Pre-Series A Funding
Mamo, a Dubai-based digital wallet and peer-to-peer payments platform, announced that it has raised US$8 million in its latest Pre-Series A funding round. The round was led by Global Ventures, along with the participation of 4DX Ventures, AlRajhi Partners, Olive
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