Oman

UAE-Based “Robinhood” Style Fintech baraka Raises US$4 Million

UAE-based fintech baraka has raised US$4 million in a seed stage round, the company announced today. The round was raised from Y Combinator, Global Founders Capital, Raptor Group, Tribe Capital, and Nuwa Capital. Existing investors FJ Labs, VentureSouq, and Class

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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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MoneyGram Inks Deal to Join Pay+ Mobile Wallet for Middle East Expansion

MoneyGram, an American money transfer company, announced that it has signed an agreement to launch its remittance capabilities on Pay+, a mobile wallet powered by Ooredoo Oman and the National Bank of Oman (NBO). The partnership is expected to be

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Oman Air Partners with BankDhofar to Provide Instant Payment Solution

BankDhofar joined hands with Oman Air to launch an e-commerce payment gateway platform. The initiative will enable Oman Air customers can make their bookings online using their debit cards for instant payment transactions. Suleiman Al Ghannami, Oman Air Chief Financial

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Oman’s Muscat Bank Announces New $100 Million Fintech Investment Programme

Bank Muscat announced that the Central Bank of Oman has approved the bank’s request to launch a $ 100 million (RO 38.5 million) strategic Fintech investment programme. Fintech refers to innovative application of technologies and new technology-enabled business models in

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Fintech Still in Infancy in Oman Despite Growth Potential

Countries in the Gulf Cooperation Council (GCC) region are opening up to fintech and digital solutions as banks seek to enhance consumer experience and streamline their operations. The United Arab Emirates (UAE) has emerged as one of the region’s pioneers

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