Dubai

Dubai’s Virtual Assets Regulatory Authority Makes Its Debut in the Metaverse

Dubai’s Virtual Assets Regulatory Authority (VARA) announced its entry into the metaverse with the establishment of its Metaverse HQ in ‘The Sandbox’. VARA MetaHQ will serve as its primary channel to engage Virtual Asset Service Providers (VASPs) across the globe

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Dubai Crown Prince Launches a AED370 Million Startup Growth Fund

His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai, approved the launch of the ‘Venture Debt Fund for Startups’ to bolster and sustain startup projects in the

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MENA’s Fintech App for School Fees Secures $9.4M Seed Round

zenda, MENA’s first fintech app for families has announced it has secured a $9.4m oversubscribed seed round. zenda currently addresses pain points around the payment of school fees – in particular, the lack of convenience and flexibility in payment options

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10 Fintech Accelerators to Know in the UAE

With over 400 fintech companies, the United Arab Emirates (UAE) is a major hub for fintech innovation in the Middle East and North Africa (MENA) region. Fast growth of the industry has been fueled by a number of fintech initiatives

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Tarabut Gateway Becomes First Regulated Open Banking Platform in the UAE

Tarabut Gateway has been granted a licence by Dubai Financial Services Authority (DFSA) to provide money services in and from Dubai International Financial Centre (DIFC). DFSA is the independent regulator of financial services in DIFC, the leading global financial centre

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Digital Shift Brings New Opportunities to UAE Freelancers and SMEs

In the United Arab Emirates (UAE), the digital shift brought about the COVID-19 pandemic has introduced new business opportunities to freelancers and small and medium-sized enterprises (SMEs). A new study conducted by online payments giant PayPal, in partnership with British

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DIFC Launches Global Venture Studio Launchpad

Dubai International Financial Centre (DIFC) announced the launch of the world’s first venture studio platform exclusively focused on ubiquitous finance and digital asset technologies. $ The initiative is a key part of DIFC’s efforts to achieve the goals of its

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Crypto Adoption Is Becoming Mainstream, Says Checkout.com Report

Global payments provider Checkout.com debuted its Demystifying Crypto: Shedding light on the adoption of digital currencies for payments in 2022 report, pointing to increasingly positive trends in the adoption of and appetite for using digital currencies for eCommerce. The comprehensive

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Digital Platform and Payment Company KMMRCE Holdings Opens Its Headquarters in Dubai

KMMRCE Holdings, a leading digital specialist combining flexible cloud management solutions with comprehensive finance capabilities, has announced the opening of its headquarters in Dubai International Financial Centre (DIFC). Its portfolio companies, KMMRCE Technology and KMMRCE Pay, have built a reputation

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Codebase Technologies Launches Its White-Label BNPL Solution

Codebase Technologies, a Dubai-based open API banking solutions provider, announced that it is rolling out a white-label Buy Now, Pay Later (BNPL) solution. Leveraging Codebase Technologies’ digital banking platform, DigibancTM, the new BNPL component allows for banks, fintechs, lenders, and

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