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Amidst Record Global Fintech Investment, Middle East Sees Surge

Record levels of VC funding made their way to fintechs in the MENA region, amidst a global fintech investment boom. Global fintech investment in H1 this year reached a record US$98 billion, according to KPMG’s biannual fintech investment report Pulse

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The Ultimate Snapshot of Fintech in 10 Arab Countries

The Arab Monetary Fund (AMF) recently released the second edition of The Arab Region Fintech Guide. The report discussed the current state of fintech in Arab countries. It features contributions from various central banks in the Arabian peninsula, as members

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Interest in Fintech Picks up in Cameroon

Cameroon’s nascent fintech industry is gaining traction this year, a trend reflected by rising digital financial services adoption, considerable funding going towards paytech startups, and several product announcements. Maviance, the owner of digital payment platform for merchants Smobilpay, raised a

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Top 30 Fintech Influencers of the MENA Region in 2021

The Digital Fifth, an Indian fintech consulting and advisory firm for financial institutions, has released a list of the top 30 fintech influencers in the Middle East and North Africa (MENA) region which has witnessed a flourishing fintech landscape in

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Amazon’s Growing Foothold in the Middle East

Amazon is aggressively expanding its e-commerce business in the Middle East, multiplying product launches with the introduction of home services in the United Arab Emirates (UAE) in July 2020, payment processing services in the broader Middle East and North Africa

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Year End Message to Our Readers – Offline from 29th December to the 3rd January

Fintech News Middle East would like to take this opportunity to wish all our readers a very Happy New Year. We will be taking a break from the 29th December 2020 to the 3rd January 2021. Until then, you can

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New Report Calls for Open Banking Harmonization Across the Arab World

Open banking is making inroads in the Arab world but visions and strategies between countries across the region vary dramatically. Defining a holistic vision for open banking in the region will allow Arab countries to fully reap the fruits of

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Open Banking Makes Foray Into the Middle East

Globally, initiatives across different jurisdictions have emerged to make open banking a reality, ranging from direct regulatory requirements, like what’s been done in the UK and the European Union (EU), to market-coordination and industry-led initiatives such as in the US

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Veolia Middle East Launches Accelerator Focused on Social Startups

Veolia Middle East, a provider of environmental engineering services, announced an accelerator programme aiming to support social startups, SMEs focused on creating a more sustainable future. Selected start-ups will be invited to pitch to the Veolia Management team in December.

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Islamic Development Bank and Standard Chartered to Support SMEs With COVID-19 Stimulus Packages

Standard Chartered Bank (SCB) will participate in Islamic Development Bank’s (IsDB) Restore Track Program aimed at supporting IsDB’s member countries’ SMEs through stimulus packages. IsDB President Dr. Bandar Hajjar and M. Sunil Kaushal, CEO for Africa and Middle East, SCB

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