Kuwait

Spare Launches Open Banking Payment Options in Bahrain With EazyPay

Kuwaiti open banking platform Spare has partnered with Bahraini payment services provider EazyPay to enable Spare merchants in Bahrain to accept open banking payments. Customers of Spare’s merchants in Bahrain will be able to make payments directly from their bank

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Report Details 11 Fintech Regulatory Sandboxes in MENA in 2022

The MENA Fintech Association’s (MFTA) Open Finance Working Group has published a new report on the rise of open banking and embedded finance in the Middle East and North Africa. The report found that regulators in the region have been

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Gulf Bank of Kuwait and Mastercard Enable Online Checkouts With Click to Pay

The Gulf Bank of Kuwait (GBK) and Mastercard have partnered to enable local merchants to utilise Click to Pay, a payment method that allows online shoppers to checkout without entering their card information and password. The new embedded checkout experience,

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Kuwait to Test an Open Banking Product Within the Fintech Regulatory Sandbox

Keen to enable the new FinTech and support the Open Banking to help bring about innovative business models in the field of financial services, the Central Bank of Kuwait (CBK) has given the green light to test a first-of-its kind

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Watch Out for These 7 Homegrown Robo-Advisory Platforms in the Middle East

Robo-advisory platforms in the Middle East are quickly taking off, with a number of local players having recently joined the onrush. Robo-advisory platforms provide users with financial advice and portfolio management solutions through algorithms. These algorithms churn user data and

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National Bank of Kuwait Rolls Out Kuwait’s First Digital Bank Weyay

The National Bank of Kuwait has launched Weyay, Kuwait’s first fully digital bank for youth, according to a statement. The app is currently in beta testing and has been launched at the pre-registration stage. It will be opened on an invite-basis

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These Are the Most Popular Islamic Banks in the MENA Region

According to a new report by Carma, Kuwait Finance House (KFH) is the most popular MENA-based Islamic bank by media presence. The report outlined the top Islamic banks in the MENA region by media visibility and favourability. The report studied

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QPS Global to Pour Us$10 Million Into Middle East Expansion

US Fintech company QPS Global will be expanding its operations in the Middle East, the company has announced. To this end, the company will be making an investment of US$10 million in the region over the next 6-12 months. The

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Kuwait Finance House Rolls Out E-Wallet in Partnership With Samsung, Fitbit and Garmin

Kuwait Finance House (KFH) announced that it has launched its digital wallet service through smart mobiles and watches in cooperation with Samsung, Fitbit and Garmin. The holders of KFH VISA ATM, credit and prepaid cards as well as Mastercard cards (except

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Gulf Bank Signs With Swiss Lending Startup for Digital Cash Deposits

Gulf Bank has signed up as a client of Instimatch Global, the international digital network for institutional money market lending. This marks Instimatch’s entry into the Kuwaiti market, with Gulf Bank joining over 80 leading institutions from across Europe and

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