UAE’s myZoi launches financially inclusive digital wallet with “one-to-many” transfer capabilities
The digital wallet enables transfers to up to five people for the price of one.
UAE
Bux sells UK subsidiary Bux Financial Services Limited to UAE’s Asseta Holding
The company says the sale of BFS is a “subsequent step in the divestment strategy of Bux Holding”.
UAE’s Mashreq Bank appoints Tushar Vikram as new India head
Vikram previously served as Citibank India’s head of commercial banking for over nine years.
Save now, buy later start-up Compound to launch in MENA in Q4
Compound enables users to earn rewards when saving up for purchases.
Mashreq to roll out Flexcube core banking system across global operations
Flexcube will be implemented at Mashreq’s international hubs in Hong Kong, the US and the UK.
Revolut launches bond investing in partnership with UAE’s GTN
Bonds join Revolut’s investment offering of ETFs, and US and EEA shares.
ICYMI fintech funding round-up: Layer3, Sidekick, Elevate, Sahl, and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Citi extends USD Clearing service to Middle East in partnership with Emirates NBD
Emirates NBD plans to extend the service to all its 853 branches across the world.
First Abu Dhabi Bank appoints two banking veterans to leadership team
Simon Thorn and Neil Barrable join the group as chief compliance officer and chief credit officer.
Al Etihad Payments prepares to launch new domestic card scheme in UAE this month
Network International is among the first acquirers to launch Jaywan with merchants in the UAE.
HSBC launches e-commerce payment solution Omni Collect in UAE in partnership with Geidea
Geidea has been selected to enhance the offering by integrating a merchant acquiring facility.
First Abu Dhabi Bank reportedly in discussions to acquire Yapi Kredi from Turkey’s Koc Group
Koc Group has held a stake in the Istanbul-based full-service bank since 2005.
Emirates NBD taps Pine Labs to enhance merchant acquiring services
Emirates NBD will implement Pine Labs’ Credit+ solution.
New UAE-based open banking start-up Thimsa launches in beta
Thimsa will initially launch its payments platform in beta in the UAE and Bahrain.
Al Etihad Payments partners Core42 to launch open finance across the UAE
The UAE central bank says it will be ready to offer open banking to “the majority of customers” this year.
Fortis Digital Solutions lands $20m Series A for push into MENA
The investment will be used to fuel Fortis’ planned expansion into the MENA region.
Digital asset neobank Keytom launches in the UAE
Keytom says it aims to help customers better manage their digital assets “in one convenient location”.
UAE’s GTN names former Saxo Bank exec Damian Bunce as new Middle East CEO
Bunce brings more than 30 years of experience in forex and online securities trading to his new role.
Hybrid digital challenger Ruya Bank readies for debut in UAE
The challenger’s offering combines both digital Islamic banking services and physical community centres.
UAE’s Zand Bank taps Infosys Finacle to bolster its corporate banking capabilities
Zand’s CEO claims the move will enable “seamless deployment of digital assets, AI, and blockchain technologies.”
First Abu Dhabi Bank partners Microsoft to develop new AI-powered banking capabilities
Banking-as-a-Service and Risk-as-a-Service have been cited as two “potential areas of collaboration”.
ICYMI fintech funding round-up: Theia Insights, Lettuce, StackOne, Synnax and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Raqami Islamic Digital Bank in Pakistan partners Codebase Technologies for Digibanc platform
Raqami was granted in-principle approval to operate digital financial services in the country last year.
UAE start-up Dunes Financial acquires Be Mobile Africa’s tech assets
Be Mobile Africa’s CEO says the “sale of non-financial assets injects vital financial resources” into the firm.
Abu Dhabi Islamic Bank digitises cross-border services with ProgressSoft
The UAE-based bank has integrated the vendor’s PS-PayHub platform.
ICYMI fintech funding round-up: Fordefi, Mia Share, Kema, Coba and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Commercial Bank of Kuwait to upgrade its payment systems with new Network International partnership
CBK projects that the collaboration will “significantly enhance” its payment operations and continued shift to digital.
Emirates NBD partners Silent Eight to bolster compliance operations
The banking group says the partnership will enhance its compliance efficiency.
Paymob lands PSP licence from Oman’s central bank
Paymob now claims to be the first international fintech company to be fully licenced in Oman.
ICYMI fintech funding round-up: KlariVis, Komunal, Maalexi, Cleva & CSI
A handy round-up of the recent funding endeavours of fintech companies across the globe.
ICYMI fintech funding round-up: Fiat Republic, Hakbah, Payble and Spare
A handy round-up of the recent funding endeavours of fintech companies across the globe.
BNPL fintech Tabby lands $700m debt facility from JP Morgan
Tabby has also extended its Series D funding round by $50 million to a total of $250 million.
Saudi BNPL fintech Tamara lands $340m Series C funding at $1bn valuation
Tamara says the Series C is “among the largest investments in a fintech company in the region”.
UAE fintech start-up Flow48 lands $25m pre-Series A funding
Founded in 2022 by Idriss Al Rifai, Flow48 provides revenue-based financing to SMEs.
JP Morgan receives approval from ADGM to upgrade licence, plots UAE expansion
The US banking giant is aiming to boost its presence and service offerings in the UAE.
Wealthtech start-up Alpheya receives investment from BNY Mellon and Lunate
Based in the ADGM, UAE, Alpheya will build a wealthtech platform for the MENA region, with plans to launch in 2024.
Mashreq taps Visa and Ecolytiq to launch climate banking platform
The platform uses transaction data to produce carbon footprint analytics.
UAE fintech start-up Dosh Payments gears up for full launch, lands tech licence from ADGM
Claiming to be the Middle East’s first social payments app, Dosh Payments has been building in stealth since 2021.
Fils launches as digital ESG infrastructure for payments sector
Founder Nameer Khan describes his latest venture as “a catalyst for the evolution of ESG enforcement”.
Jordan Ahli Bank taps Fintech Galaxy to comply with open banking standards
The bank’s customers will now be able to share their financial and banking data with third-party apps.
