Islamabad: JazzCash, Pakistan’s leading fintech platform, has launched a Buy Now, Pay Later (BNPL) service, offering a convenient alternative to traditional credit cards. The service is initially available for retail purchases at Telemart, an electronics shopping platform, and the fashion brand EGO. It will soon expand to include leading brands such as MBasics, Alkaram, Dune London, and […]
Through the NBK Mobile Banking App, NBK customers can now effortlessly apply for a Visa Infinite Credit Card, seamlessly linking it to their Al Jawhara or Al Jawhara Savings Accounts. December 31, 2024 KUWAIT CITY: Demonstrating unwavering attention to the finer details of its customers’ needs and aiming to enhance their banking experience in ways […]
Empowering Customers with Enhanced Financial Freedom and Inclusion Dubai, UAE – December 30, 2024 – Al Ansari Financial Services PJSC (DFM: ALANSARI), one of the leading integrated financial services groups in the UAE and the parent of Al Ansari Exchange L.L.C., and Halan, the leading regional fintech company, are pleased to announce that they have […]
The collaboration MoU with the UAE’s largest Islamic Bank and a globally recognized pioneer in the field of Islamic finance will explore multiple opportunities to introduce Sharia-compliant platforms including tokenized Islamic Sukuks and real-world asset tokenization. Dubai, December 30, 2024 — Crypto.com has announced the signing of a Memorandum of Understanding (MoU) with Dubai Islamic Bank […]
December 27, 2024 Alif announced it had raised a $20 mln debt investment from Accial Capital, a US-based impact private credit fund manager. The deal was facilitated with advisory support from Nairang Capital and TMT Global Advisors. The funds will be allocated to enhance Alif’s Nasiya service’s capabilities, strengthen its market position, and promote financial […]
Mountain View, California, December 27, 2024 — inDrive, the global ride-hailing unicorn, has announced a strategic investment in Pakistan’s emerging grocery delivery platform, Krave Mart. The investment is part of inDrive’s broader effort to explore opportunities in emerging markets through its dedicated venture capital arm. The VC division, launched last year, is set to deploy […]
SAN FRANCISCO — Elon Musk’s artificial intelligence company, xAI, has secured $6 billion in a Series C financing round, bringing its total funding to $12 billion. This announcement follows a $6 billion raise earlier in May, as reported by TechCrunch on Wednesday. The latest round saw participation from prominent investors including Andreessen Horowitz, BlackRock, Fidelity, […]
Manama, Bahrain – December 26, 2024 – Global Payment Services (GPS), a pioneer in financial technology solutions, has announced a strategic partnership with Bahrain Islamic Bank (BisB), the Kingdom’s leading provider of innovative Islamic financial solutions. Together, they have launched an Islamic Card Installments solution aimed at revolutionizing payment options by offering customers flexible, Sharia-compliant […]
Baghdad, Iraq – December 26, 2024 – Qi, a leader in Iraq’s fintech sector, has officially launched its third-generation app, SuperQi, in collaboration with Ant International. Powered by Alipay+ Wallet Tech solutions, SuperQi integrates a digital lifestyle super app with a fully functional digital bank, heralding a new era of financial inclusion and digital services […]
Sanctions have complicated Russia’s trade with its major partners such as China or Turkey, as local banks are extremely cautious with Russia-related transactions to avoid scrutiny from Western regulators. December 25, 2024 Russian companies have begun using bitcoin and other digital currencies in international payments following legislative changes that allowed such use in order to […]