03/30/2022
Dubai's new crypto regulator brings UAE firm under its wing
The UAE has been pushing to develop the virtual asset sector and regulation to attract new forms of business as regional economic competition heats up.
FinTech
03/29/2022
Nearly 95% people in Saudi Arabia report increased use of digital payments in 2021
COVID-19 was one of the main factors for that: 70% report that they only started using online payments services during the pandemic.
03/28/2022
Israel's Pepper rolls out crypto trading
"We are proud to be the first in the Israeli banking system and one of the few worldwide to offer our customers to trade in cryptocurrencies simply, safely and reliably, without the need to download a crypto wallet and with all tax complexities being
03/25/2022
Gulf states adopting data and AI but ‘more action’ needed
GCC needs to upskill the next generation, diversify economies and deal with issues of trade protectionism, say analysts
03/25/2022
Qatar exploring CBDC as it digitizes payments
Speaking to a local news outlet, Alanood said that the bank recognizes the need to keep up with digital payments as the world gradually moves away from cash payments.
03/25/2022
Al Maryah Community Bank launches new digital service
Bank's new Mbank UAE app allows users to acquire an investor number at DFM
03/25/2022
CBE launches Instant Payment Network, its mobile app ‘InstaPay’
The new network will allow bank customers to carry out electronic transfers instantly at any time.
03/24/2022
The digital payment opportunity in Saudi Arabia
HyperPay focuses on the B2B sector, providing its clients with three white-label products including payment gateway technology, e-invoicing and an AI data analytics platform.
03/24/2022
Doha Bank to strengthen e-commerce platform
Speaking on the sidelines of the general assembly, Doha Bank group chief executive Dr R Seetharaman said digital banking is on the cards; but pending approval from the regulator.
03/24/2022
Burgan Bank introduces the Cash Management Solution online platform
Enhancing further the digital banking services for corporate customers
03/24/2022
Value of digital economy in MENAP could reach $700bln by 2030
Redseer Consulting says a funding gap of $20 billion must be resolved to fulfil potential of $200 billion opportunity
03/24/2022
Oliver Wyman highlights the digital trends defining the future of the GCC
Experts compile eight themes powering public sector ambitions in the digital space
03/24/2022
iGTB Virtual Accounts 2022 set to transform digital banking at major Qatari bank
iGTB Virtual Accounts 2022 co-exists seamlessly with the bank’s existing product processors and channel solutions
03/24/2022
Abdulaziz Fahad Al-Jouf, founder and CEO of payment processing company PayTabs
PayTabs is a key player in the region’s e-commerce sector with global ambitions
03/23/2022
Mashreq Partners With Sharjah Investors Services Centre To Bring Banking Support To Local SMEs
"It will enable us to expand our services to 60,000 SMEs who are currently operating in Sharjah, contributing to our growing GDP which is currently valued at AED 133billion."
03/22/2022
Egypt state banks setting up $85mln fintech innovation fund
Legislative and regulatory changes in Egypt over the last two years have paved the way for a surge in fintech investments and a change in the way the country's largely unbanked citizens do business
03/21/2022
How Dubai’s largest bank plans to add momentum to emirate’s IPO push
Emirates NBD announces the launch of a new IPO platform to support investors
03/21/2022
Finastra to Build Model Digital Bank for Union of Arab Banks
The model digital bank will also be designed to enable the fulfilment of several of the UN’s Sustainable Development Goals (SDGs).
03/21/2022
Banque Misr, National Bank of Egypt, and Banque Du Caire lead investment in new fintech fund
Launch of ‘Nclude’ by Global Ventures to accelerate Egypt’s Fintech innovation.
03/21/2022
Arab Monetary Fund Names RippleNet As Potential Alternative to Central Bank Digital Currencies
If a CBDC is used outside of its jurisdiction successfully, this could lead to a local currency losing its function as a medium of exchange, unit of account, storage of value and eventually raises financial stability risks.