Dubai, UAE – The UAE’s groundbreaking payment card system, Jaywan, is set to achieve two significant milestones by the end of August, paving the way for banks to begin issuing the card to clients by the end of the third quarter. The system is expected to gain substantial momentum in the fourth quarter. By the […]
Dubai, UAE – August 5, 2024 – ruya is thrilled to announce the signing of a Memorandum of Understanding (MOU) with LuLu Exchange, marking a significant step towards enhancing convenience for Ruya customers. This strategic partnership will enable Ruya customers to make instant, free cash deposits at over 140 LuLu Exchange centres across the UAE. […]
Dubai, UAE – Qashio, the leading spend management software and corporate card provider in the UAE, proudly announces a strategic partnership with Landmark Group’s Shukran Loyalty Program, one of the region’s largest and most cherished retail loyalty programs. This collaboration will enable Qashio users to seamlessly exchange their Qashio Points for Shukrans, significantly enhancing the […]
Meta, a global technology powerhouse, and Startupbootcamp, a renowned startup accelerator with a track record of over 1,600 successful startups, have announced a strategic partnership aimed at boosting the MENA region’s startup scene. This collaboration will introduce the Llama Design Drive, a programme tailored to meet the needs of MENA’s burgeoning startups by leveraging cutting-edge […]
Dubai, UAE – Toothpick is excited to announce its strategic partnership with Amazon Payment Services to launch Toothpay, a groundbreaking direct patient payment solution. This collaboration aims to streamline transactions and enhance efficiency in dental care payments. Toothpay leverages the seamless integration capabilities of Amazon Payment Services, providing a user-friendly, secure, and efficient payment experience […]
Singapore, National Pulse, a strategic management company from the United Arab Emirates, has announced an investment in Singapore-based payment solutions provider Aleta Planet. Financial details of the investment were not disclosed. Aleta Planet revealed that this investment will facilitate its expansion into the UAE, the Middle East, and Africa, enabling it to offer cross-border payment […]
Etihad Credit Insurance (ECI) has joined forces with Wio Bank to enhance the export potential of UAE businesses through the “Xport Xponential” program. This landmark agreement was signed by H.E. Raja Al Mazrouei, CEO of Etihad Credit Insurance, and Jayesh Patel, CEO of Wio Bank. Wio Bank, a pioneering digital banking platform, is dedicated to […]
RAKBANK has reported impressive financial results for the first half of 2024, showcasing significant growth in key metrics. The bank’s net profit before tax surged by 33% to AED 1.2 billion, while net profit after tax increased by 21% year-on-year, reaching AED 1.1 billion. Total income for the period rose by 8.7% to AED 2.3 […]
Dubai, UAE – Al Ansari Financial Services PJSC (“AAFS” or the “Company”) (DFM: ALANSARI), a leading integrated financial services group in the UAE, has signed a Sales and Purchase Agreement (“SPA”) to acquire 100% of BFC Group Holdings W.L.L. (“BFCGH”), a prominent foreign exchange and remittance group based in Bahrain. The acquisition, valued at USD […]
Dubai, United Arab Emirates: Pluto, the UAE’s leading home-grown end-to-end spend management platform, has achieved a significant milestone by securing an In-Principle approval for its Payment Services Business from the Dubai Financial Services Authority (DFSA). This pivotal achievement underscores Pluto’s commitment to offering cutting-edge financial infrastructure to small and medium-sized businesses (SMBs) and corporations operating […]