Abu Dhabi, UAE – Abu Dhabi Commercial Bank (ADCB) has launched Meedaf, a pioneering financial services venture designed to help banks and financial institutions across the UAE and GCC region enhance operational efficiency, reduce costs, and remain competitive through innovation and advanced technologies. Operating as an independent entity within Abu Dhabi Global Market (ADGM), Meedaf focuses […]
Doha, Qatar — QNB Group, the largest financial institution in the Middle East and Africa, has announced a long-term strategic partnership with Harrods, the world’s leading luxury department store, and Visa, a global leader in digital payments. This landmark collaboration will see the launch of the QNB Harrods Visa co-branded credit cards, designed exclusively for customers […]
Visa has unveiled three new value-added services designed to make accepting payments easier and more secure. The services are meant for acquirers, payment facilitators, retailers, marketplaces and shops, the company said in a Thursday (April 3) press release emailed to PYMNTS. With Authorize.net 2.0, Visa has reimagined its Authorize.net by adding a streamlined user interface, artificial intelligence […]
Doha, Qatar – In a significant step toward strengthening Qatar’s financial technology ecosystem, the Qatar Central Bank (QCB) has granted its first license for Buy Now, Pay Later (BNPL) services to PayLater, a homegrown fintech pioneer. This move not only marks a key milestone for the company but also reflects QCB’s broader commitment to regulated innovation. With this […]
San Francisco, CA – April 1, 2025 — OpenAI on Monday announced it has secured a monumental $40 billion in funding, marking the largest private tech financing round in history, and valuing the ChatGPT-maker at an astounding $300 billion, including the newly raised capital. According to PitchBook, this round is nearly three times larger than […]
Dubai, UAE – Expanding into the Middle East and North Africa (MENA) remains a costly and complex challenge for global businesses due to fragmented regulations and banking systems. Dubai-based fintech Fuse aims to simplify this with its cross-border payments API and has secured $6.6 million in seed funding to accelerate its mission. Founded in 2023 […]
Abu Dhabi, UAE – Maseera Holding for Financial Investments (“Maseera”), a portfolio company of 2PointZero, a transformational global investment platform and a subsidiary of International Holding Company (IHC), today announced the successful acquisition of ADVA, an innovative Egyptian consumer finance platform. This strategic transaction establishes ADVA as Maseera’s dedicated technology and data analytics hub for North […]
Dubai, UAE: Serenity, a blockchain technology company specializing in secure digital finance solutions, has signed a partnership with MTA Real Estate to develop a secure, blockchain-powered real estate investment portal targeting global crypto holders. The move follows the Dubai Land Department’s approval of a pilot program for tokenized property transactions, positioning the initiative within the city’s broader strategy […]
JoPACC’s 2024 report reveals a 77.2% surge in digital payments, highlighting rising adoption of instant transactions, mobile wallets, and e-commerce solutions. The Jordan Payments and Clearing Company (JoPACC) has released its 2024 Payments Systems Report, highlighting another year of significant growth in digital payments across Jordan. The report presents substantial increases in transaction volumes, values, and […]
MoneyGram, a financial technology company creating trusted global payments and financial solutions for an increasingly connected world, and Mastercard (NYSE: MA) have joined forces to advance digital money movement both domestically and across borders. MoneyGram is implementing Mastercard Move, Mastercard’s portfolio of money transfer solutions, providing its customers with enhanced access to fast, secure and near real-time payments[1]. […]