Dubai
UAE Consumers Go Cashless as Trust in Digital Payments Surges Amid COVID-19
Dubai Police, Dubai Economy (DED), and Visa released findings of a survey on the impact of COVID-19 pandemic on payment behavior of consumers in the UAE. The survey also looks at consumers’ general views, preferences and concerns related to digital
Read More
Upcoming Neobank Jingle Pay Promises Seamless Digital Onboarding, Multi-Currency Accounts, and More
COVID-19 continues to spread across the United Arab Emirates with now 43,364 confirmed cases, including 295 deaths, according to the latest data from the Johns Hopkins University. But besides the human cost, the impact of COVID-19 is also being felt
Read More
Dubai Financial Services Authority Published Discussion Paper on Digital Assets Custody
The Dubai Financial Services Authority (DFSA) along with Deloitte Middle East published “A Market Overview of Custody for Digital Assets” with the aim of highlighting the importance of digital asset custodians and the key role they play in the future
Read More
DIFC’s 100USD Million Fintech Fund Invests in 4 Fintech Startups
Dubai International Financial Centre (DIFC) announced that it has invested in four FinTech start-up companies. The investment reflects the DIFC’s commitment to driving the future of finance and is part of the USD 100 million FinTech Fund launched in 2019
Read More
Rise Brings Financial Services to Underserved Migrant Workers
In the Middle East and North Africa (MENA) region, the COVID-19 pandemic and the resulting lockdown have put a toll on many sectors, including the startup ecosystem. According to a research conducted by Wamda and Arabnet, released in May, 71%
Read More
UAE Based Fintech Pointcheckout Wins Euvsvirus Hackathon Challenge
PointCheckout has developed an innovative solution using its digital wallet platform to tackle the distribution of support funds in a fast, secure and efficient way to citizens. The #EUvsVirus Hackathon featured close to 21,000 participants and brought together people of
Read More
Hubpay, the Digital Wallet for the Remittance Community in the Gulf, Announces Its Seed Round
Hubpay announces its Seed funding round led by a leading US venture capital firm – Signal Peak Ventures. The investment raised will support the launch of Hubpay’s digital wallet in the Middle East market. Additionally, a UAE angel investment group
Read More
Startupbootcamp Fintech Dubai Second Cohort Raises $2.8m
Startupbootcamp FinTech Dubai’s second cohort has completed its accelerator program featuring 10 start-ups from the UAE, Singapore, USA, India, Finland, Egypt, Uzbekistan, South Africa, Kazakhstan, and Lebanon – double the number of countries represented from the first cohort, reflecting its
Read More
GOcardi Users Now Can Make Payments In Seconds Via MenaPay
GOcardi is located in Dubai and it’s 2 million + users now can pay for services like Netflix, Spotify, Apple Music, Playstation, Fortnite, and many others instantly by using MenaPay. MenaPay offers a fast and secure payment experience for everyone
Read More
Dubai International Financial Centre is Launching a New Business Stimulus Initiative
In these unprecedented times, I write to reassure you that the wellbeing of our community continues to be our highest priority. In alignment with the UAE Ministry of Health & Prevention (MoHAP), the Dubai Health Authority (DHA) and the World
Read More