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News from all over the worldEgypt Fintech Startup Ecosystem Expands Fivefold
Between 2017 and 2022, the number of fintech companies in Egypt increased by 5.5 times, soaring from a mere 32 players five years ago to now 177. This rapidly expanding ecosystem is arising on the back of soaring demand for
Read MoreSaudi Arabia Licenses Debt-Based Crowdfunding Startup Themar
The Saudi Central Bank (SAMA) licensed “Themar” to provide crowdfunding solutions. With Themar, there are now seven authorized companies offering debt-based crowdfunding solutions in Saudi Arabia. This decision reflects SAMA’s endeavor to support the finance sector, increase efficiency of financial
Read MoreThe Saudi Central Bank Permits Additional BNPL Company
The Saudi Central Bank (SAMA) permitted “Tabby” to provide Buy Now Pay Later (BNPL) solutions. With Tabby, there are now five authorized companies offering BNPL solutions in Saudi Arabia. The BNPL solutions provide finance to customers wishing to buy products
Read Moree& enterprise Partners Tap Payments to Create Extensive Payment Acceptance Ecosystem
The e& enterprise, formerly known as Etisalat Digital, has partnered with UAE-based Tap Payments to create an extensive payment acceptance ecosystem with unique features tailored to regional markets. The partnership aims to empower businesses of all sizes to optimise their
Read MoreFlash Secures US$6M Seed Round to Accelerate Contactless Payments in Egypt
Flash, a new cashless payments app in Egypt, has secured a US$6 million seed funding round led by Addition, with participation from Flourish Ventures and other angel investors. The funding will be used to accelerate the startup’s product development as
Read MoreEmirates NBD Revamps Digital Bank Liv Targeting Generation Now
Emirates NBD has revamped its digital bank Liv, with a new value proposition targeted at Generation Now empowering them with a better financial future through innovative offerings and a superior digital experience. Reflected in its new tagline, ‘Liv Ahead’, Liv’s
Read MoreEmirates NBD Enhances Whatsapp Banking Service
Emirates NBD has launched an enhanced and upgraded version of its WhatsApp banking service, providing customers with a convenient, secure and reliable digital banking experience like never before. Emirates NBD WhatsApp banking allows customers to seamlessly avail of 15 everyday
Read MoreEmirates NBD to Transform Business Operations and Enhance Productivity With Generative AI and Microsoft
Emirates NBD has announced a transformation focused on harnessing the power of generative AI to change Emirates NBD’s operations and enhance productivity across various business functions supported by Microsoft. This collaboration aims to unlock new opportunities for innovation, efficiency, and
Read MoreSaudi Central Bank Finalizes Regulations for Law of Payment Services
The Saudi Central Bank (SAMA) announces the issuance of the Implementing Regulations for the Law of Payments and Payment Services to support the objective of enhancing soundness and efficiency of the payment systems infrastructure in Saudi Arabia. The relevant regulatory
Read MoreSaudi Central Bank Permits New BNPL Company
The Saudi Central Bank (SAMA) granted “Tamara” a permit to provide Buy Now Pay Later (BNPL) solutions pursuant to Saudi Central Bank Law and Finance Companies Control Law. With Tamara, there are now four authorized companies offering BNPL solutions. SAMA
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