Oman
Arab Monetary Fund Report: The Arab Open Banking Market Growth
The Open Banking market across Arab Countries to grow by 25% annually over the next five years, The Arab Monetary Fund (AMF) said in a report issued this week, presenting guidelines for an “Effective Open Banking/ Finance Adoption”. The report
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Mastercard Partners With UAE Life-Style Banking App to Issue Virtual Prepaid Cards Across GCC
Mastercard is partnering with Bankiom, a UAE-based lifestyle banking app, to introduce digital payment cards across the UAE, Saudi Arabia, Bahrain, Kuwait, and Oman. This partnership marks a significant stride in Mastercard‘s ongoing commitment to advancing digitalization in the payments
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Temenos Partners With NdcTech to Expand Its Market Reach in the Gulf Region
Banking software company Temenos announced that it will be granting license rights to NdcTech, a wholly owned subsidiary of Systems Limited and one of its largest regional system integrators partners. This will allow NdcTech to further develop and market the
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Revolut Has Now Expanded Its Footprint to Oman
Challenger bank Revolut announced that a streamlined version of its app is launching in Oman in the next couple of months. The Revolut app also launched in four other countries including Sri Lanka, Chile, Ecuador, and Azerbaijan. With the aim
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Oman Jumps on Open Banking Bandwagon
The Central Bank of Oman (CBO) is drafting the so-called Open Banking API Strategy as part of a broader push to stimulate innovation in the finance sector. The intentions were outlined in the 2021 Arab Region Fintech Guide, a paper
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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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