01/04/2023
Central Bank of Turkey Successfully Tests Payment Transactions Using Digital Lira
2023 will also see the CBRT select a range of banks and fintech companies to participate in new tests on the Digital Turkish Lira Collaboration Platform.
FinTech
01/04/2023
Flat6Labs and Wio Bank sign MoU to streamline and enhance SME-centric banking services for start-ups in Abu Dhabi
Start-ups from Flat6Labs Ignite will have the opportunity to take advantage of Wio’s innovative banking products and services under Wio Business
12/30/2022
Abu Dhabi bank launches tokenized payment system using wearables
There have been numerous fintech developments in the United Arab Emirates this year.
12/29/2022
Dubai Chamber of Commerce launches FinTech and Payments business group
“The new FinTech and Payments Business Group is a great addition to our network of business groups, and we believe it will play a pivotal role in supporting members and the emirate’s private sector to drive FinTech growth and serve as a platfo
12/28/2022
Al Salam Bank Launches the First-Of-Its-Kind Digital Self-Service Kiosk
This comes in line with Al Salam Bank's ongoing commitment to staying ahead of the latest trends in digital technology, ensuring the delivery of a refined, transformative client experience.
12/27/2022
Bank of Israel gives green light to Palo Alto’s Nir Zuk for new digital bank
The approval marks second time in three years that a new bank will be set up in Israel; plan is for digital bank to offer attractive interest rates and services without commissions
12/16/2022
Temenos and NdcTech sign partnership to expand market reach in Bahrain, Kuwait, Oman, Pakistan, Qatar, Saudi Arabia, and UAE
Financial institutions will benefit from Temenos’ world-class banking platform and NdcTech’s regional expertise to offer Country Model Bank functionality in these countries
12/14/2022
UAE launches new AI-powered mobile app for crop disorder detection
The new application – called Dr. Nabat – is developed through collaboration between the International Center for Biosaline Agriculture (ICBA) and the University of Barcelona, Spain
12/13/2022
Pure-play digital firms yet to make a mark on Middle East financial services: PwC
The one area that is likely to continue to be a growth constraint for financial services in the region is the regulatory structure around cloud services, according to an expert
12/13/2022
Fintech PayTabs acquires Turkey’s social commerce platform, Paymes
The acquisition aims to create a unified social commerce platform for micro merchants, fempreneurs and webpreneurs across the MENA region
12/12/2022
The Family Office reinvents private market investments with its new Invest Now Pay Later Service
“Invest Now Pay Later allows investors to start investing in private markets without funding the entire commitment from day one
12/09/2022
Credopay partners with The Zubair Corporation to foray into the Middle East
The joint entity will provide clients with a secure, robust, certified, and scalable solution through its platform-as-a-service (PaaS), software-as-a-service (SaaS) and managed services products.
12/08/2022
DIFC-based fintech firms net $559m in funding during Jan-Sep 2022
DIFC’s fintech accelerator programme has attracted more than 3,000 applications from all over the world
12/06/2022
Bitcoin’s bearish futures are signalling a slowdown into 2023
Bitcoin’s price has dropped 64 per cent since the beginning of the year
12/05/2022
Paymentology partner Tweeq obtains e-money licence in Saudi Arabia
The e-money licence approval will allow the company to launch its mobile-first app, which provides services tailored to millennials and Gen Z.
12/05/2022
Egyptian tech start-up Sideup raises $1.2m to fuel growth
Launched in 2019, the company is aiming to move its headquarters to Arab world's largest economy Saudi Arabia
12/05/2022
IFZA partners with Wio Bank to provide Digital Banking Services
IFZA study reveals 50% of respondents believe business owners find it challenging to open a corporate bank account
12/02/2022
Standard Chartered Launches Women in Tech Program in Saudi Arabia
The initiative is currently available in seven countries, including Saudi Arabia.
12/01/2022
Islamic Coin wins ESG Crypto at The Middle East Blockchain Awards
The team has already engaged in Sustainability initiatives and recently presented at the WGGO Youth International Conference in New York, supported by the United Nations.
12/01/2022
As crypto collapses in US, is Middle East going through digital renaissance?
The adoption of Web3, however, has witnessed a slowdown as cryptocurrency and NFT scams have become rampant in markets such as the US.