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Ecommerce and BNPL Spearhead MENA Payments Sector

The MENA payments sector is continuing its accelerated growth curve sparked last year. Driven by booming ecommerce adoption and a growing fintech ecosystem, the region is seeing tailwinds in paytech and cashless trends. According to Checkout.com’s 2021 report on ‘Digital

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MEA Fintech Weekly News: Melio’s Valuation Soars After US$250M Funding

In last week’s MEA fintech news, we saw US-Israeli fintech startup Melio raise a quarter billion dollars at a hefty valuation, while another US-Israeli fintech company Pagaya announced its SPAC listing. Elsewhere, Nigeria emerged the top funded fintech hub in

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Top Fintech Sandboxes in the Middle East for Your Fintech Startup Expansion

Fintech sandboxes are a popular way for regulatory authorities in the Middle East to play their part in supporting fintech innovation. Sandboxes are testing environments where entrepreneurs and innovators can experiment with their solution in a controlled space. This allows

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5 Trends Driving Open Banking in the Middle East 2021

Open banking in the Middle East has become one of the latest buzzwords to come out of the region’s accelerated fintech agenda. Many countries in the region already had a sturdy traditional banking ecosystem. Now, with a growing incentive to

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Middle East Fintech Weekly Digest: Cashless Payments Surge in Bahrain

Last week in Middle East fintech news, the DIFC announced that it had reached its 2024 target of tripling in size three years ahead of schedule (Fintech News). The 10-year long ‘2024 Strategy,’ announced in 2014, was aimed at placing

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Your Weekly Middle East Fintech News Digest (Aug 30 to Sep 6)

In last week’s Middle East fintech news, we saw an Israeli spend management platform land a hefty funding deal, and a couple of high points for fintech in the UAE, amidst wider regional developments. Israeli spending and procurement platform PayEm

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10 Startups That Made It to Forbes’ Top Middle East Fintech Apps

Forbes recently released its list of top Middle East fintech apps for the year, and the list includes some illustrious names from the region’s fintech sector. Some of the region’s biggest financial institutions have been featured in the list, such

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The Arab Monetary Fund and Visa Partner to Support Cross-Border Payments

The Arab Monetary Fund (AMF), Buna and Visa have signed an MoU to collaborate over regional payments between the Arab world and the rest of the world, according to a recent statement. The MoU makes way for a mutual interoperability

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Online (Crypto) Trading and Investing Gathers Steam in the Middle East

Last year, global financial markets saw retail investors flood financial markets through online trading and investing platforms. A wave of first-time investors, dubbed “Generation Investor,” took to financial markets last year, as barriers to entry were lowered and online trading

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Making Islamic Banking Work for Tech-Savvy Young Muslims

Islamic banking and financial services are picking up pace worldwide. Greater awareness, and improved legal and regulatory structures have helped to accelerate growth in Islamic banking and finance, according to a recent report by Mambu. The Islamic fintech market, for

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