Archive
Iran Begins Piloting Its CBDC “Crypto-Rial”
The Central Bank of Iran (CBI) will start piloting the use of the “crypto-rial” — its central bank digital currency this week, according to an announcemeent on the Iran Chamber of Commerce’s website. The announcement further states that one of
Read More
Binance Bags License to Offer More Virtual Asset Services in Dubai
Crypto platform Binance has received the Minimal Viable Product (MVP) license from Dubai’s Virtual Asset Regulatory Authority (VARA), after receiving a provisional license in March 2022 which allowed it to provide only a limited range of services to pre-qualified investors.
Read More
eToro Gets ADGM’s In-Principle Approval to Operate as an Investment Broker
Israeli social investing platform eToro has received an in-principle approval from the Abu Dhabi Global Market (ADGM) to operate as a securities, derivatives and crypto broker in Abu Dhabi. The company expects to subsequently obtain a Financial Services Permission from
Read More
Verity Launches Family Banking App, Visa Debit Card for Kids and Teens
Verity has launched its family banking and financial literacy app, with a prepaid Visa card to enable children from the age of eight to start building their personal finance skills in a real-life environment. The platform allows parents to control
Read More
Saudi Central Bank Grants Payment Licenses to Arab Sea Financial Company and Fatoraah
The Saudi Central Bank (SAMA) has granted e-commerce payment licenses to Arab Sea Financial Company and Fatoraah, bringing the total number of payment companies licensed by the central bank to 21 companies. This comes in addition to five payment companies
Read More
Wio Bank Launches in the UAE With Digital Banking App for Startups and SMEs
Wio Bank has officially launched in the UAE with its first digital banking app Wio Business that aims to serve startups, freelancers, and small and medium enterprises. The app is now available on the Apple App Store and Google Play
Read More
IDnow is Supporting the IATA’s Vision of a Digital Identity System for Airports
Dubai-based identity proofing solutions provider IDnow announced its participation in the International Air Transport Association’s (IATA) Accelerate@IATA 2022 accelerator programme. IATA is the trade association for the world’s airlines, representing some 290 airlines or 83% of total air traffic. Through
Read More
Emirates NBD Launches API Developer Portal With Access to APIs in 6 Categories
UAE banking group Emirates NBD has launched Emirates NBD API Souq, a financial Application Programming Interface (API) developer portal to grant developers access to APIs across six key categories: account services, payments, collections, real-time notifications, trade services and information services.
Read More
MBRIF Alumni Direct Debit Marketplace Launches to Facilitate Recurring Payments
UAE fintech Direct Debit Marketplace has launched a platform to allow merchants to accept direct debits for recurring payments such as for school fees, gym memberships, and subscription-based services. The platform is integrated with UAEPASS, the UAE’s national digital identity
Read More
Klickl Gets ADGM Approval to Operate as a Crypto Broker-Dealer and Custody Provider
Klickl is the latest cryptocurrency platform to receive the in-principle approval (IPA) of the Financial Services Permission (FSP) from Abu Dhabi Global Market (ADGM). The IPA allows the company to operate as a broker-dealer and provide digital asset custody services
Read More