Search Results for "stc"
Arab Financial Services to Gain Capital Boost of US$98 Million
Digital payment solutions provider Arab Financial Services plans to raise US$98 million to boost revenue growth and strategic expansion. Shareholders of the company approved plans to increase the company’s authorised share capital to US$150 million, and its issued and paid-up
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Fintech Digest: Saudi Arabia’s Fintech Space Grows With 16 New Licenses
Saudi Arabia’s fintech sector has broadened, with licenses issued to 16 new fintech companies during the third quarter of this year (Zawya). According to the Saudi Central Bank governor, 13 of these companies come from the payments and electronic wallets
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India’s Cashfree Becomes Majority Holder in Telr With US$15m Investment
India-based payments and API banking solutions company Cashfree has picked up a majority stake in UAE and Saudi Arabia-based payment service provider (PSP) Telr for US$15 million. The strategic investment will enable Cashfree to launch its offerings across the MENA
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Fintech Digest: UAE, Singapore Pilot First-Of-Its-Kind Cross-Border Trade Finance Project
The Monetary Authority of Singapore (MAS) and Abu Dhabi’s Financial Services Regulatory Authority (FSRA) have completed a first-of-its-kind digital cross-border trade finance document transfer (Fintech Futures). This makes the initiative the world’s first cross-border digital trade financing pilot, a statement
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Report: Payments Dominates Saudi Fintech Map 2021
Payments emerged as the most popular area for investment in Saudi fintech companies, according to a new report by Fintech Saudi. The Fintech Saudi Annual Report 2020/21 noted that payments clinched 93% of venture capital investments in 2021 so far.
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The 5 Digital Banks in Saudi Arabia You Need to Know
Digital banking in Saudi Arabia is at a particularly interesting junction right now. Much has been said about how the country is at the precipice of a banking revolution, but the results have perhaps been slow to show. There’s a
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Middle East Fintech Weekly Digest: Cashless Payments Surge in Bahrain
Last week in Middle East fintech news, the DIFC announced that it had reached its 2024 target of tripling in size three years ahead of schedule (Fintech News). The 10-year long ‘2024 Strategy,’ announced in 2014, was aimed at placing
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UAE Fintech Report and Map 2021: Fintech is Booming in Dubai and Abu Dhabi
In the United Arab Emirates (UAE), the fintech sector continues to grow and mature on the back of rising adoption of digital payments, booming e-commerce activity and a nascent, yet vibrant, digital banking landscape, a new report by Fintech News
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20+ Neobanks in the Middle East You Have to Know
Digital banking is heating up in the Middle East with now more than 20 neobanks across the region, according to new data from Dutch fintech consultancy group Fincog. Most of these neobanks were launched by incumbents as standalone digital banks
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Top 21 Upcoming Fintech Events in the Middle East in 2020
Fintech is one of the hottest industries in the Middle East and North Africa (MENA). Since 2015, a total of US$237 million has been invested in MENA’s fintech startups through 181 deals, representing 7% of the total MENA startup funding
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