Archive
Careem Pay Launches International Remittance to the UK
Careem Pay, the digital wallet and fintech platform within the Careem App, expands its international remittance services to include ‘Faster Payments’ to the United Kingdom for residents of the UAE. Careem Pay enables customers, Captains, and business owners to manage
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Egyptian Wealthtech Bokra Raises $4.6 Million Pre-Seed
Bokra, a Cairo-based fintech, announces the closure of its $4.6 million pre-Seed round led by DisrupTech Ventures, and SS Capital alongside other investors. The company aims to revolutionise wealth management in the MENA region by being the first platform to
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ADGM and Hacken Form Partnership to Set Blockchain Security Standards
Abu Dhabi Global Market (ADGM) and Hacken, a global leader in blockchain security auditing, have signed a Memorandum of Understanding (MoU) to collaboratively set new benchmarks for blockchain security and compliance. This strategic partnership reflects a unique synergy between a
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UAE Telco Du Goes Fintech And Launches Du Pay
du, from Emirates Integrated Telecommunications Company (EITC), announced the launch of du Pay, marking a significant milestone in the UAE’s transition toward a cashless economy and aligning seamlessly with the national agenda for digitalization. The digital financial solution is poised
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Al Etihad Payments Launches Open Finance in UAE
Al Etihad Payments (AEP), a subsidiary of the Central Bank of the UAE (CBUAE), has signed a partnership with Core42, a G42 company and full-spectrum AI enablement solutions provider to mark the commencement of the implementation of Open Finance within
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44% of UAE Retailers Affected by Cyberattacks in 2023
Adyen published a new research revealing the millions of Dirhams lost annually to cyberattacks in the UAE retail sector. Working alongside the Centre for Economic Business and Research (Cebr), Adyen found that the retail sector globally lost $429 billion to
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Binance Receives Full Virtual Asset Service Provider Licence in Dubai
Binance FZE, the Dubai entity of Binance, today announced that it has received the Virtual Asset Service Provider (VASP) licence from Dubai’s Virtual Assets Regulatory Authority (VARA). This licence, subsequent to the previous issuance of the Minimum Viable Product (MVP)
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Snowdrop and PwC Middle East to Enhance Digital Experience for Banks
Snowdrop Solutions, a provider of advanced transaction enrichment solutions, has announced a collaboration with PwC Middle East to bring its innovative Transaction Enrichment API to banks and payment providers in the region. This collaboration marks a significant step forward for
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25 Startups From 11 Countries Join Hub71 Accelerator Program
Hub71, Abu Dhabi’s global tech ecosystem, has welcomed 25 new startups as part of its latest cohort. The selected startups will enter Hub71’s ‘Access’ program, and specialist ecosystems Hub71+ Digital Assets and Hub71+ ClimateTech, bringing the total number of startups
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UAE’s SME Fintech Fortis Secures $20M Series A
Fortis, a retail tech and fintech solutions provider tailored for SMEs, announced the successful completion of Series A funding round, raising $20 million in investment led by Opportunity Venture (Asia). With a decade of experience, Fortis empowers entrepreneurs to seamlessly
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