Archive
Worldpay/FIS Expands to the United Arab Emirates
FIS has announced its Worldpay merchant business will be expanding its payment processing capabilities into the United Arab Emirates (UAE) this year. Worldpay has secured a category II payment services license that allows for card acquiring and disbursements. This new
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Abu Dhabi Partnership: 48 Hours Bank Account Opening for SME’s
The Abu Dhabi Department of Economic Development (ADDED), the catalyst of economic growth in the emirate, and Wio Bank, an online bank for UAE SMEs announced their cooperation to transform how Small and Medium Enterprises (SMEs) manage their finances, payments,
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Fintechs and Banks Unite for Innovation at DIFC’s Dubai Fintech Summit Dialogues
Dubai International Financial Centre (DIFC) hosted recently the second Dubai FinTech Summit (DFS) Dialogues powered by the Innovation Hub. Heads of 10 leading regional banks and FinTechs were invited to unpack the challenges facing the financial sector and deliberate on
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Saudi’s STC Group Makes a Move Into Europe
stc Group announced that its ICT infrastructure subsidiary, TAWAL, has signed an agreement to acquire United Group’s telecommunications tower assets. The agreement, valued at EUR 1.220 bn supports stc Group’s ambitious strategy to expand its international footprint in key markets
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ADGM is Seeking Feedback on DLT Consultation Paper
The Registration Authority (RA) of Abu Dhabi Global Market (ADGM) has issued a consultation paper to explain the proposed Distributed Ledger Technology Foundations Regulations 2023, and seeking public feedback and comments on the proposed new legislative framework for foundations that facilitate Distributed
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Fintech Partnership Formed between Mastercard and DIFC
Dubai International Financial Centre (DIFC) has signed a strategic collaboration agreement with Mastercard that aims to drive digital transformation through partnerships with innovative Fintech companies. The partnership between DIFC and Mastercard will provide FinTech start-ups and established companies with access
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Applications Open in UAE for Visa Fintech Startup Innovation Competition
Applications are now open in UAE for the 2023 edition of the Visa Everywhere Initiative (VEI), a global open innovation competition that sees startups pitch their innovative solutions to solve tomorrow’s payment and commerce challenges. In addition to monetary prizes,
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Dubai Land Department Provides QR Service to Verify Validity of Real Estate Ads
Dubai Land Department (DLD), through the Real Estate Regulatory Agency (RERA), issued a circular confirming the implementation of the new electronic service, Madmoun. Accessible through the Trakheesi System, this service is represented by a quick response code (QR Code) issued
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Al Hilal London Bank Partnership: UAE Customers Can Open UK Bank Accounts
ADCB and its Shari’ah compliant digital banking subsidiary Al Hilal Bank have announced an innovative new partnership with Bank of London and the Middle East (BLME) to bring digital UK banking to UAE nationals and residents through Nomo. Customers in
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2023’s Top 10 Fintech Companies in the Middle East
Fintech has grown steadily in the Middle East over the past few years, owing to government support, fintech-friendly regulations and favorable demographics characterized by a large population of young, tech-savvy and underbanked people. A dynamic funding landscape has also been
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