Emirates Digital Wallet digital cash platform enters final round of testing
The initiative is jointly set up by 15 of the UAE’s leading national banks...
Tag : Middle East fintech
Number of fintechs in Saudi Arabia grew by 147% in the last two years: Reports
The number of smartphone payment transactions grew by 352% year-on-year to April 2020...
Saudi Payments partners with Japan’s JCB to enable the JCB payment
The partnership will enable local banks to accept JCB cards through their network of point-of-sale terminals...
82% of MidEast banking customers are open to fintech solutions: Study
The study found that of the 18% unwilling to use fintech, 40% cited security and privacy as their biggest concerns...
UAE-based Fintech TPAY Mobile acquires 100% stake in Turkey’s Payguru
The deal is subject to the approval of the Central Bank of the Republic of Turkey and the Competition Authority...
STC Bahrain and NEC join hands to launch virtual prepaid Mastercard
The new facility will allow users carry out transactions in a much faster, safer and efficient way...
Mubadala acquires a 3.4% stake in UK fintech Finablr
The acquisition is made MIC Capital Partners, a fund owned by Mubadala Investment Company...
Bahrain’s GFH acquires 70% stake in Dubai fintech Marshal
While GFH will hold a 6.3% stake in Marshal, GFH’s investors will hold up to 63.7%...
StanChart and Bahrain Fintech Bay to nurture fintechs
The two parties will carry out thought-leadership and mentorship programmes and share their expertise and solutions with fintechs...
Cashless society: epayments catch fire in Saudi Arabia
Saudi Arabia achieved 36% epayments out of all payments in 2019 against a target of 28% for 2020. Is this growth sustainable?...