Archive
Direct Remittance Service From Qatar to the Philippines Through Ripplenet
QNB,one of the largest financial institution in the Middle East and Africa, has launched Direct Remittance service for money transfers from Qatar to the Philippines, which makes it the first bank in Qatar to launch the service. To provide this
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Huobi Secures Provisional Approval From Dubai Virtual Assets Regulatory Authority
Cryptocurrency exchange Huobi Group announced that it has been granted a MVP provisional approval by the Dubai Virtual Assets Regulatory Authority (VARA). The license will enable Huobi Investment FZE, Huobi’s UAE-based entity, to offer a full suite of virtual asset
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Dubai Launches Its Official Metaverse Strategy
In line with the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive
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Dubai Freezone Cements Position as Leading Regional Fintech Hub
The Dubai International Financial Centre (DIFC), the city’s financial freezone, is aggressively cementing its position as the top fintech hub in the Middle East, Africa and South Asia (MEASA), unveiling a number of initiatives this year aimed at fostering innovation,
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FICO, Network International Offer Enhanced Fraud Protection Solutions for Lenders
Global analytics software provider FICO and Network International, a provider of payments solutions to merchants and financial institutions across the Middle East and Africa (MEA), announced that they have expanded their partnership to bring lenders enhanced fraud protection and credit
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The Role of Financial Centers in Driving Innovation
Around the world, financial centers and the organizations that represent them are leading efforts to strengthen their countries’ financial markets, business environments and innovation ecosystems to drive economic growth. Today, these clusters and special economic zones are emerging as fintech
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Dubai Neobank YAP Raises US$41 Million to Fuel Its Growth Plans
Dubai-based neobank YAP announced that it had raised US$41 million to fund its operations and growth. The latest investment comes from Saudi Arabia’s Aljazira Capital alongside notable investments from Abu Dawood Group, Astra Group, and Audacia Capital. YAP said that
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Organizations Struggle with Increased IT Complexity
These past couple of years have seen the pace of digital transformation increase dramatically as organizations globally moved to the cloud and embraced hybrid office environments to overcome the limitations imposed by COVID-19. But despite enabling operational continuity, gains in
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Qatar National Bank Launches WeChat Pay and Alipay+
Qatar National Bank (QNB) has announced the launch of WeChat Pay and AliPay+ to its existing broad range of payment methods accepted by its merchant network in the country. This partnership will enable QNB’s customers to complete their transactions easily,
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MENA’s Demand for Payment Hubs Rises as Open Banking Fuels Cross-Border Flows
The accelerated digitalisation that swept the globe in the last two years has led to widespread adoption of digital financial services. Customers – both individuals and businesses – now want their services fulfilled instantly, and that extends to cross-border settlements
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