Archive
Real-Time Transactions Poised to Growth in the UAE
New, sophisticated use cases for consumers and businesses are driving global real-time payment volumes to record highs, with 195.0 billion transactions recorded globally in 2022 — a YoY growth of 63.2% — according to the 2023 Prime Time for Real-Time
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Saudi Central Banks Seeks Public Consultation on BNPL Regulation
The Saudi Central Bank (SAMA) seeks public consultation on the draft “Rules for Regulating Buy Now Pay later (BNPL) Companies.” In the interest of transparency and wider participation, SAMA invites stakeholders and public to provide suggestions and observations on the
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Tarabut Gateway Raises US$32 Million to Expand in Saudi Arabia
Tarabut Gateway announced the completion of a US$32 million Series A fundraise. The funding round was led by Pinnacle Capital with the participation of Aljazira Capital, Visa, Tiger Global and other existing investors. The proceeds raised bolster Tarabut Gateway‘s footprint
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Dubai Emerges as the Next Global Hedge Fund Hub
A report titled ‘Dubai: The next global hedge fund centre – opportunities and outlook’ – released by Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa, and South Asia (MEASA) region, in collaboration with
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Mashreq Appoints New Group Head of Technology, Transformation & Information
Mashreq announced the appointment of Mohamed Abdel Razek as the Group Head of Technology, Transformation & Information. In this role, he will lead Mashreq‘s technology organization and drive the successful delivery of all digital services. He will be responsible for
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Fintech BPO Philippines: Powering the UAE’s Digital Innovators
In the rapidly evolving arena of financial technology (fintech), strategic alliances and the transformative power of technology are reshaping the global landscape. A surge of innovation and disruption is radiating from the United Arab Emirates (UAE), with the nation’s fintech
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