Dubai

Visa Study Forecasts Booming E-Commerce Sector Amidst Rising Digital Payments

The UAE e-commerce sector is expected to continue on an upward trajectory due to the digital payments boom during the COVID-19 pandemic, according to a joint study by Dubai Economy and Visa. The “United Arab Emirates (UAE) eCommerce Landscape 2020”

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Amazon Payment Services Kicks off in MENA Region

Amazon has launched its Amazon Payment Services, previously known as PAYFORT, as a payment processing service in the Middle East and North Africa (MENA) region aiming to empower businesses with simple, affordable, and trusted online payment experiences. The newly launched

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UK Startup Ebury First to Receive Financial Services License Under DFSA

Dubai International Financial Centre (DIFC), announced that Ebury, a UK fintech startup offering cross-border financial services and risk management, has been granted a Financial Services license to carry out the regulated activity of providing Money Services from the center. Ebury,

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Emirates NBD’s Mobile Banking App Now Available on Huawei AppGallery

Emirates NBD announced that its mobile banking app is now available on the Huawei AppGallery, providing its customers with added choice and flexibility. The partnership places Emirates NBD’s mobile banking app on what Huawei claims to be the world’s third-largest

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SEED Group Partners German Blockchain Firm Ubirch for UAE Expansion

Venture capital firm SEED Group has partnered with German blockchain and cybersecurity specialist Ubirch. As part of this agreement, SEED Group will facilitate Ubirch to expand its business portfolio in the United Arab Emirates (UAE) and the wider Middle East region

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UnionPay, Abu Dhabi Islamic Bank to Enable Contactless Payments on NFC Terminals

Card company UnionPay International partners Abu Dhabi Islamic Bank (ADIB) to enable UnionPay card and contactless payment transactions on the bank’s 15,000 near field communications (NFC) terminals in the UAE. As a safer payment method during the COVID-19 pandemic, UnionPay International

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Singaporean Robo Advisor StashAway Expands Its Footprint to the UAE

StashAway, a South East Asian digital wealth manager, has launched in the Dubai International Financial Center (DIFC), a financial hub for the Middle East, Africa and South Asia (MEASA) markets. The platform is available to local and international clients in

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Dubai’s New Residency Program Targets Overseas Remote Workers and Digital Nomads

Dubai has launched a new one-year residency program targeted at overseas remote workers, digital nomads and their families. The so-called “virtual working” program gives these professionals the possibility relocate to the emirate and continue to work for their current overseas

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DIFC Innovation Hub Launched to Bolster Dubai’s Fintech Ecosystem

DIFC has launched its startup incubator dubbed as the DIFC Innovation Hub. Collectively, over 250 firms are able to work together to develop and introduce innovative solutions and business models that will redefine the future of finance with the aim

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Ripple Sets Up Regional Headquarters in Dubai

Dubai International Financial Centre (DIFC) announced that Ripple, the enterprise blockchain solution for global payments, has established its regional headquarters there. Ripple reportedly chose DIFC for its “innovative regulations, expansive network and reputation as a leading global financial center”. Cointelegraph previously

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