Archive
P2P Payments Firm Mamo Granted Innovation Testing License by Dubai Regulator
Mamo, a Dubai-based digital wallet and peer-to-peer payments platform, has been granted an Innovation Testing License to operate in or from Dubai International Financial Centre (DIFC), the global financial center and fintech hub in the MEASA region. The license has
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Interest in Fintech Picks up in Cameroon
Cameroon’s nascent fintech industry is gaining traction this year, a trend reflected by rising digital financial services adoption, considerable funding going towards paytech startups, and several product announcements. Maviance, the owner of digital payment platform for merchants Smobilpay, raised a
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Paxful Rolls Out Bitcoin Payment Option for E-Commerce Merchants in the UAE
Paxful, a global peer-to-peer fintech, announced that its e-commerce solution that allows businesses worldwide to receive bitcoin. The Paxful Pay service is already available and allows customers to pay with almost 400 payment methods – exchanging into bitcoin that is
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STC Pay Clinches One of the Two Digital Bank Licenses in Saudi
The Saudi cabinet has granted a digital bank license to STC Pay, a digital payments company which is a fully owned subsidiary of Saudi Telecom. STC Pay will be converted into a local digital bank, with a capital of SAR
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Saudi Fintech Tweeq Raises an Undisclosed Seven-Figure Funding
Tweeq, a Saudi-based provider of spending accounts for individuals and SMEs, announced the closure of an undisclosed seven-figure investment round, co-led by STV and Raed Ventures. The funding round, which follows on the heels of the company’s exclusive partnership with
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Mashreq Taps Comarch to Digitise Its Wealth Management Offering
Mashreq has chosen global software company Comarch to deliver investment propositions which will add value to its wealth management services, add reporting functionality, and enhance overall customer experience. The first stage of the project, which has been completed, provides Mashreq
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Visa Appoints New Group Country Manager to Lead the GCC Region
Visa announced the appointment of Dr. Saeeda Jaffar as Group Country Manager, and Senior Vice President, for its operations across the Gulf Cooperation Council (GCC) region. Dr Jaffar will join the global digital payments leader to oversee its presence in
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Amazon Payment Services Launches Fintech Lab at Dubai’s DIFC Innovation Hub
Amazon Payment Services, a payment processing service in the Middle East and North Africa (MENA) region, has launched the Amazon Fintech Lab in the DIFC Innovation Hub. The initiative is the latest in Amazon Payment Services’ efforts to support fintech
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Amazon’s Alexa to Roll Out Skills Kit in Saudi and UAE by End of 2021
Developers can start building voice experiences, called “skills” for customers in the Kingdom of Saudi Arabia and the United Arab Emirates (UAE) using Amazon‘s Alexa Skills Kit (ASK). Skills that developers create which is certified for publication, will be available
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2020 VC Funding Hits New All-Time High in Egypt; Fintech Makes up 8% of Total Funding
Egypt’s venture investment ecosystem has emerged as one of the most rapidly developing markets in the Middle East and North Africa (MENA), growing at a compound annual growth rate (CAGR) of 100% over the past five years, according to the
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