The round brings total funding to over $335m since inception across equity and debt
The MoU strengthens VARA’s aim to achieve full transparency and market conduct adherence across virtual asset service providers licenced to operate in Dubai
We facilitate effective goal planning and provide a user-friendly experience to help individuals achieve their financial objectives
Financial services embedded into existing business models are no longer optional, but necessary
The integrated platform will serve both B2C and B2B markets seamlessly, enabling instant instalment options
Coinbase has been navigating a market downturn and a difficult US regulatory environment
The bureau will enable the DIFC Innovation Hub community to tap into new data sets to boost fintech development in the UAE market
Mohammad Alblooshi, head of DIFC Innovation Hub and Fintech Hive, showcases Dubai’s role in the global fintech ecosystem
In the early years of the digital era, building was the only option, but today the region is strewn with fintechs
The programme supports efforts to realise the financial centre’s 2030 strategy to catalyse economic growth
The financial centre registered the highest number of new firms – totalling 1,084 – last year
The partnership will make micro-loans easily accessible, resulting in more favourable loan arrangements for both fintechs and customers
Founded by Egyptian entrepreneurs, the platform enables omnichannel retailers to have a 360–degree view across all customer touchpoints
Initiatives launched by the government to support crypto and metaverse firms have created strong incentives for fintech companies to invest and grow in the country
As we look towards 2023, several key trends are set to redefine the fintech space
Young girls need role models and as women operating in this space, it is incumbent to show that there is a seat for females at the table
Dubai Chamber of Commerce plans to increase the number of economic sectors and activities represented by business groups to 100 by March 2023
The agreement highlights ThetaRay’s expansion into GCC financial institutions
The acquisition aims to create a unified social commerce platform for micro merchants, fempreneurs and webpreneurs across the MENA region
DIFC’s fintech accelerator programme has attracted more than 3,000 applications from all over the world
The partnership equips Ajman Bank with the technology to accelerate its digital transformation and enrich its client offering by adding new payment services
The establishment of digital asset and virtual asset regulatory frameworks has placed Abu Dhabi, on the map as a regional and global virtual assets trading centre
The company’s virtual and physical cards combined with its software allow businesses to manage their spending in a more automated and transparent way
Remo Giovanni Abbondandolo, VP of Commercial – MENA at Checkout.com explains how the company is helping firms optimise existing payment methods
The company marks the first regional investment for Valar, a venture capital firm backed by entrepreneur Peter Thiel
The collaboration will deliver a comprehensive digital wallet solution designed to boost customer-centricity
The agreement provides a framework for further co-operation between the two authorities on regulation, policy and trends in financial services and markets
The compound annual growth rate of the UAE’s overall payments revenue is forecasted to be at 7.7 per cent from 2021 – 2031, while the region is expected to grow by 9.3 per cent within the same period
Greater private sector involvement is imperative if fintech is to grow and become stronger
The UAE launch is expected to be followed up by further rollouts to other markets including Saudi Arabia and Egypt