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 […]
Doha, Qatar: Visa yesterday announced the launch of Tap to Add Card in Qatar marking a significant advancement in digital wallet provisioning. This innovative technology addresses the growing need for secure and streamlined digital payment solutions by allowing cardholders to add their Visa contactless cards to digital wallets with a simple tap on their mobile […]
Serenity, a pioneering blockchain technology company specializing in Decentralized Data Survivability Protocol (DeDaSP), has achieved a groundbreaking milestone with the launch of the sAxess Biometric Card. Developed in partnership with IDEMIA, this world-first biometric-secured blockchain card revolutionizes secure data storage, digital identity authentication, and real-world asset monetization. The launch marks a significant leap in blockchain […]
UAE, Dubai: Visa (NYSE: V) yesterday announced the launch of Tap to Add Card in the UAE marking a significant advancement in digital wallet provisioning. This innovative technology addresses the growing need for secure and streamlined digital payment solutions by allowing cardholders to add their Visa contactless cards to digital wallets with a simple tap on […]
Verto has secured key regulatory approvals in the UAE, the US (Wyoming, Delaware, Illinois), South Africa, Kenya, and Nigeria. These licenses granted by the DFSA (UAE), individual US state regulators, and African financial authorities strengthen Verto’s ability to provide regulated money transfer services, foreign exchange, and local account solutions for businesses operating in these markets. […]
Dubai’s biggest bank, Emirates NBD, has jumped into the world of crypto trading, letting customers of its digital bank, Liv, buy, sell, and swap cryptocurrencies right through the Liv X app. They’ve teamed up with Aquanow, a legit digital assets company approved by Dubai’s Virtual Assets Regulatory Authority (VARA), to make it happen. The UAE […]
Kuwait-born and UAE-based q-commerce and foodtech Talabat has completed the acquisition of 100% of instashop from Delivery Hero SE for $32 million. With this acquisition, instashop becomes a wholly owned subsidiary of talabat, strengthening its grocery and retail offering and expanding its partner network across the MENA region. Instashop will continue to operate as an […]
LoftyInc Capital, a leading venture capital firm, has successfully reached the first close of its third and largest fund, LoftyInc Alpha. The fund aims to support late seed and Series A startups across Africa, marking a strategic shift in the firm’s investment focus. LoftyInc has previously invested in high-growth companies such as Flutterwave, Moove, Reliance […]
Dubai, UAE: Emirates NBD, a leading banking group in the Middle East, North Africa and Türkiye (MENAT) region, is set to be the first bank in the UAE to introduce the Visa Commercial Pay-Mobile Module for its SME and Corporate clients, in collaboration with Visa. This initiative aligns with the UAE Government’s vision of digitalising payments […]