Dubai
Dubai’s P2P Payments Firm Ziina Raises US$7.5 Million Ahead of Saudi Expansion Plans
Ziina, the UAE’s Peer-to-Peer (P2P) payment application backed by Y-Combinator (YC), announced its latest funding round of US$7.5 million. The round will help the company launch its new wallet service and fuel its expansion into Saudi Arabia. Ziina plans on
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PayBy’s Contactless Payment Option Now Available At Al Maya Supermarkets Across UAE
PayBy, an Abu Dhabi-based payments startup, has partnered with Al Maya Group to provide the latter with secure, contactless payment option across 49 of its supermarkets across the UAE. When shopping in Al Maya supermarkets, customers simply present the QR
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Dubai’s Free Trade Zone DMCC Sets up Crypto Center in Dubai
The Dubai Multi Commodities Center (DMCC), world’s flagship Free Zone and Government of Dubai’s authority on commodities trade and enterprise, announced the launch of the DMCC Crypto Center. The center is a comprehensive ecosystem for businesses operating in the cryptographic
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New DIFC Innovation Hub Launched to Spur on Dubai’s Fintech Ecosystem
The DIFC Innovation Hub has been officially launched as part of the new Dubai Future District announced in January 2020 with over 350 fintech and innovation firms to spur on the fintech sector. The Dubai International Financial Centre (DIFC) is
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Report: Payment Assets High on the Agenda for Leading MENA Banks
Wholesale banking has been undervalued yet delivered impressive results through the pandemic, according to a new report released by Oliver Wyman and Morgan Stanley. The wholesale and transaction banking report titled Striving to Sustain Returns found that markets and investment
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Dubai’s P2P Payment App Mamo Raises $8 Million in Pre-Series A Funding
Mamo, a Dubai-based digital wallet and peer-to-peer payments platform, announced that it has raised US$8 million in its latest Pre-Series A funding round. The round was led by Global Ventures, along with the participation of 4DX Ventures, AlRajhi Partners, Olive
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Zurich Taps Amazon Payment Services to Offer Digital Payments Option in the Middle East
Amazon Payment Services (APS), a payment processing services provider, has partnered with Zurich International Life Limited to offer digital payments for its customers in the Middle East for the latter’s digital customer onboarding platform ZurichPro. Zurich is a multi-line insurer
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Dubai Crypto Firm BitOasis Secures Regulatory Approvals from ADGM
BitOasis, a digital asset trading exchange and platform in Dubai, announced that it has been granted a Financial Services Permission (FSP) from the Financial Services Regulatory Authority (FSRA) in the Abu Dhabi Global Market (ADGM). The firm said that it
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Dubai’s Free Trade Zone Breaks 7 Year Record for New Firm Registrations in April
Dubai Multi Commodities Centre (DMCC), a Dubai government authority on commodities trade and enterprise, has welcomed 216 new businesses to their free zone in April 2021, the highest recorded number for April in 7 years. DMCC added that Q1 2021
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Commercial Bank of Dubai Launches Robo-Advisory Investment App With InvestSuite
The Commercial Bank of Dubai announced the launch of its CBD Investr app which offers a robo-advisory investment solution. Developed in partnership with InvestSuite, a wealthtech company based in Belgium, the investment app is powered by smart algorithms that actively
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