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Fintech Galaxy and ProgressSoft have joined forces to promote the adoption of Open Banking and ensure regulatory compliance across the MENA region.
banking, fintech, partnership, Open Banking, regulatory compliance
OZUMA founder Kazi Monirul Kabir examines the GCC’s crypto landscape, covering regulations, market trends, economic impact, and the future of Web3 finance.
blockchain, cryptocurrency, payment processing, stablecoin, DeFi, CBDC
XPay, a fintech startup, has announced a partnership with Huawei Cloud Services to upgrade digital payment systems for businesses in Egypt.
partnership, payments , fintech, startup
Saudi Arabia-based Alinma Bank has launched a new platform powered by IBM’s hybrid cloud and AI integration technologies.
banks, API, financial services, partnership, product launch
George Davis, CEO and Co-Founder of Fuse, offers insights into the untapped potential of payments in the MENA region.
payments , cash, digitalisation, e-wallet, biometric authentication, real-time payments, RTPs, instant payments, remittances, cross-border payments, regulation, regulatory sandbox, payment institution, e-money
Imri Meir, SVP of Global Expansion at Nuvei, offers advice for businesses looking to succeed in MEA’s fast-growing ecommerce market.
ecommerce, digital payments, financial inclusion, merchants, expansion, APMs, BNPL, mobile wallets, cross-border ecommerce, cross-border payments, fraud risk, localisation, payment methods, POS, Open Banking, AI, 3-D Secure, retail
Saudi fintech barq has partnered with Alipay+ to boost cross-border payments.
partnership, cross-border payments, ecommerce, financial services, expansion
Tabby, a financial services and shopping app in MENA, has raised USD 160 million in a Series E funding round, bringing its valuation to USD 3.3 billion.
funding, BNPL, fintech, financial services, transactions
T2, a Saudi technology services and solutions provider, has acquired a majority stake in the startup Moola.
fintech, startup, acquisition, financial institutions, expansion
MENA-based Buy Now, Pay Later (BNPL) platform Tabby has been collaborating with banks for an Initial Public Offering (IPO).
IPO, BNPL, payment methods, financial services
Egypt-based fintech Khazna has raised USD 16 million in a pre-Series B funding round to support its growth by applying for a digital banking licence in Egypt and expanding into the Saudi market.
funding, digital banking, lending, banks, BNPL
STC Bank, a subsidiary of the state-owned Saudi Telecom Company (stc Group), has received regulatory clearance to operate as a digital bank in Saudi Arabia.
expansion, digital banking, regulation, compliance
Fintech Galaxy has received approval from the Central Bank of Jordan (CBJ) to participate in the JoRegBox regulatory sandbox.
Open Banking, regulatory sandbox, data aggregation, fintech
Payment gateway provider in the MENA region HyperPay has announced that it secured a licence from the Saudi Central Bank (SAMA) to advance the development and optimisation of the financial sector in the region.
financial services, fintech, digital payments, expansion, online payments, digital wallet
JeelPay, a Saudi BNPL fintech company, has announced that it obtained USD 6.6 million in a Pre-Series A investment round to further advance its expansion strategy.
funding, investment, startup, BNPL, payment methods, instalment payments
Mastercard has partnered with Jeel, a subsidiary of Riyad Bank, to introduce advanced digital solutions, including artificial intelligence, to the Saudi Arabian market.
partnership, financial services, payments , artificial intelligence
At the Singapore Fintech Festival, representatives from PayerMax and Standard Chartered have discussed a partnership to improve cross-border payments for global brands.
partnership, cross-border payments, financial institutions, API
The Saudi Central Bank (SAMA) has announced the launch of Samsung Pay through the national payment system called mada, as part of its efforts to advance the digital payments ecosystem in Saudi Arabia.
payments , digital payments, product launch, online payments, partnership
Benefit, a fintech provider of electronic financial transaction services, has partnered with Tarabut to launch an Open Banking authentication solution.
fraud management, fraud detection, fraud prevention, Open Banking, partnership
EdfaPay, a fintech platform based in Saudi Arabia, has secured USD 5 million in a Pre-Series A funding round, which was led by OmanTel Innovation Labs.
payments , ecommerce, payments solutions, funding, fintech