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Major Trends Driving Transformation in the Middle East’s Digital Payment Landscape
In the Middle East, the digital payment landscape is changing at a rapid pace, shaped by the advent of instant payments, booming adoption of new payment methods and the rise of online retail, a new whitepaper produced by Euromonitor International
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Middle East and Africa Region Becomes Hotbed for Super-App Development
Across the Middle East and Africa (MEA) region, a range of digital offerings are emerging and growing rapidly, striving to tap into the growth of Internet and smartphone penetration, the shift to digital channels and the rise of e-commerce to
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Emirates NBD Bank Forms Digital Asset Lab in Cooperation with Fireblocks
Emirates NBD Bank has publicised a pioneering partnership with PWC and digital asset custodian Fireblocks, inaugurating its Digital Asset Lab. Both PWC Middle East and Fireblocks are set to serve as foundational council members. Emirates NBD declared on LinkedIn, “This
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Top 20 VCs and Funds Backing Saudi Arabia’s Tech Startups
Against all odds, venture capital (VC) investments in Saudi Arabia reached a new all-time high last year, growing by a staggering 72% year-on-year (YoY) to reach US$987 million in 2022, data from the 2022 Saudi Arabia Venture Capital Report show.
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Emirates Islamic Offers new Startup Accounts for UAE SME’s
Emirates Islamic has launched the new Emarati Absher Business Account designed exclusively to provide a comprehensive suite of premium banking solutions for Emarati startups in the UAE. The new business banking proposition aligns itself with the UAE’s strategy to support
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TWIG Raises Pre-seed Round, Secures DFSA License
TWIG Solutions (TWIG), a financial technology startup based out of Dubai International Financial Centre (DIFC), has received an Innovation Testing License (ITL) from the Dubai Financial Services Authority (DFSA). The ITL enables TWIG to test and develop their products and
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IFZA and Mashreq Announce Partnership
IFZA Dubai, an UAE international Free Zone, announces the signing of a memorandum of understanding (MoU) partnership with Mashreq, one of the leading financial institutions in the MENA region, to provide IFZA Free Zone Licensees and Professional Partners quick and
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RAKBANK Enables Digital Onboarding for In-App Credit Card Applications
The National Bank of Ras Al Khaimah (RAKBANK) has rolled out a new digital on-boarding solution that allows customers to apply for its credit card digitally. Any UAE resident over the age of 18 can apply for a credit card
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Standard Chartered to Launch Digital Asset Custody Services in the UAE
Standard Chartered signed a memorandum of understanding (MoU) with Dubai International Financial Centre (DIFC) to collaborate on digital assets, including digital asset custody. Subject to regulatory approval, Standard Chartered plans to launch digital asset custody services, starting in DIFC and
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Airwallex Launches in Israel, Appoints Ex-Googler to Lead Operations
Cross border payments firm Airwallex has officially launched its operations in Tel Aviv, Israel as the first step of its Middle East expansion plans and appointed Or Liban as its Head of Israel and the Middle East. The company already
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