Reinforcing its leadership in innovation and advanced financial solutions, Oman Arab Bank (OAB) played a key role in collaboration with the Financial Services Authority (FSA) to launch five digital trading platforms for licensed brokerage firms on the Muscat Stock Exchange (MSX). These platforms are part of broader financial sustainability initiatives aimed at facilitating and stimulating […]
Doha, Qatar: Doha Bank and Ooredoo Money, provided by Ooredoo Fintech – a subsidiary of Ooredoo- have signed a Memorandum of Understanding (MoU) to collaborate on a variety of initiatives aimed at promoting the fintech landscape in Qatar through Ooredoo Money. This strategic partnership was announced during the prestigious Web Summit Qatar 2025. The MoU […]
Dubai, UAE: Mastercard and LikeCard, one of the leading platforms of ecommerce prepaid cards in the Middle East and North Africa (MENA) region, have partnered to launch an innovative family banking solution designed to enhance financial literacy and responsible spending. The platform empowers parents and children with a seamless and secure digital banking experience, helping families […]
Shanghai, China – March 11, 2025 – Al Etihad Payments (AEP), a wholly owned subsidiary of the Central Bank of the United Arab Emirates (CBUAE), which operates the UAE’s national card switch (UAESWITCH) and manages domestic card scheme “Jaywan”, and UnionPay International (UPI), a global leader in payment solutions, have signed a strategic agreement to […]
Motery, an innovative fintech application revolutionizing the automotive purchasing landscape, is proud to announce the successful completion of its seed funding round, at an $8 million valuation. This strategic investment will empower Motery to expand its services and solidify its position as a one-stop shop for online car buying and financing in the automotive sector. […]
Dubai, UAE: Careem Pay, the payments platform within the Careem app, expands its remittance service to Egypt, allowing UAE residents to send money directly to bank accounts in Egypt quickly and at competitive rates. Careem Pay facilitates money transfers to some of the largest remittance corridors in the world, including India, Pakistan, the UK, Europe, and […]
Abu Dhabi, UAE – Klaim, a pioneer of healthcare payment acceleration solutions, has successfully secured USD 10 million in Series A equity funding and additional USD 16 million financing fund to drive its regional expansion and transform how medical providers access cash flow. This investment will help propel Klaim’s mission to reshape the healthcare financial landscape […]
Dubai, UAE: Al Etihad Payments, a whole owned subsidiary of the Central Bank of the UAE (CBUAE), which operates the UAE’s of the national card switch (UAESWITCH) and the UAE’s domestic card scheme “Jaywan”, and Visa, today announced their agreement to jointly introduce “Jaywan- Visa” debit and prepaid cards in the UAE. This co-badging partnership strengthens the continuous joint […]
The UAE, a worldwide pioneer of financial innovation, leads the adoption of AI chatbots that change the way customers interact with banks and multiple fintech platforms. The UAE’s banking sector employs chatbots to provide unparalleled comfort, personalization, and safety mainly because it has a much smartphone penetration of around 93% for its active population, with […]
Moroccan startup ORA Technologies has secured a new $1.9 million pre-series funding round led by Witamax and Azur Innovation Management. It becomes one of the most locally funded Moroccan startups with this new fundraising, raising a total of $4.4 million in local funding since the company was founded in 2023. “This financing round demonstrates the […]