Archive

The Arab Monetary Fund and Visa Partner to Support Cross-Border Payments

The Arab Monetary Fund (AMF), Buna and Visa have signed an MoU to collaborate over regional payments between the Arab world and the rest of the world, according to a recent statement. The MoU makes way for a mutual interoperability

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PayMate Launches in the UAE

Indian B2B digital payments company PayMate has announced its entry into the UAE market. The company will be stepping foot into the UAE in collaboration with Visa and Citi, according to a statement. The move is part of an existing

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Emirati Insurtech Startup hala Secures US$5 Million Funding

hala, an Abu Dhabi-based insurtech company, has secured US$5 million in a fresh fundraise, the company announced in a statement. The round was led by Entrée Capital, and saw participation from Mubadala Investment Company, EQ2 Ventures, Global Founders Capital, 500

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Online (Crypto) Trading and Investing Gathers Steam in the Middle East

Last year, global financial markets saw retail investors flood financial markets through online trading and investing platforms. A wave of first-time investors, dubbed “Generation Investor,” took to financial markets last year, as barriers to entry were lowered and online trading

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9 Israeli Fintech Startups to Watch in 2021

Israel’s booming fintech landscape continues to stay in the global eye. Home to over 500 Israeli fintech startups, the country’s ascent as a hub for fintech has been both rapid and spectacular. Alongside being a frontrunner for fintech in the

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Thunes and Bank Alfalah Launch Cross-Border Payments in Pakistan

Singaporean fintech Thunes has announced a partnership with one of Pakistan’s largest banks, Bank Alfalah. The partnership will enable the global payments fintech to offer cross-border payments in Pakistan, a statement said. Both Abu Dhabi Group-owned Bank Alfalah’s clients and

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Making Islamic Banking Work for Tech-Savvy Young Muslims

Islamic banking and financial services are picking up pace worldwide. Greater awareness, and improved legal and regulatory structures have helped to accelerate growth in Islamic banking and finance, according to a recent report by Mambu. The Islamic fintech market, for

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Booming Demand for Digital Wallets Could See Rise of Super Apps in MEA

In the Middle East and Africa (MEA) region, demand for digital wallets is on the rise. This trend is fueled by the growth in digital payments and smartphone penetration, national reforms to modernize the payment landscape, and the COVID-19 pandemic,

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Abu Dhabi Islamic Bank Launches Amwali, an Islamic Digital Bank for Gen Z

Abu Dhabi Islamic Bank (ADIB) has launched Amwali, the world’s first Islamic digital bank for young people, according to an announcement. The UAE-based Islamic financial institution unveiled a suite of banking products and technology under the Amwali digital bank, for

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AMF’s Roadmap for Blockchain in the Middle East

The Arab Monetary Fund (AMF) has recently issued guidelines regarding distributed ledger technology (DLT) and blockchain in the Middle East for financial services. Under the “Strategies for Adopting DLT/Blockchain Technologies in Arab Countries” guide, the Arab Regional Fintech Working Group

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