Remitly has been granted a Stored Value Facilities (SVF) and Exchange Business Category IV licence by the Central Bank of the United Arab Emirates (CBUAE), marking a significant milestone in the company’s expansion strategy across the UAE and the wider Middle East. The licence formally recognizes months of regulatory engagement and market preparation by Remitly, […]
Dubai, United Arab Emirates — Taptap Send, a leading cross-border payments platform, today becomes one of the first companies to be granted all three licenses by the Central Bank of the United Arab Emirates (CBUAE): Stored Value Facilities, Retail Payment Services (Category II), and Exchange Business (Category IV). The licenses mark a major expansion of Taptap Send’s financial […]
Dubai UAE: du Pay, the advanced digital financial services subsidiary of du, has launched a campaign in partnership with Gcash, the Philippines’ most widely used mobile wallet, operated by Globe Telecom, to deliver a smarter remittance experience for Overseas Filipino Workers (OFWs) across the UAE. Building on the partnership formalised through a Memorandum of Understanding (MoU) […]
Amman, Jordan: GatetoPay has joined Mastercard’s Product Express platform, marking a significant step in strengthening Jordan’s fintech ecosystem by enabling faster, more secure, and scalable payment solutions for fintech companies and startups. The collaboration forms part of Mastercard’s broader Engage program strategy, which is designed to simplify fintech enablement and accelerate market entry. Product Express […]
Manama, Bahrain – National Bank of Kuwait – Bahrain (NBK Bahrain) is pleased to announce that it has been recognized by Visa; a global leader in digital payments, for its exceptional performance and leadership in the Kingdom’s payments industry. About National Bank of Kuwait-Bahrain NBK Bahrain was awarded for achieving the fastest transaction count year-on-year (y/y) […]
Manama, Bahrain – stc pay Bahrain, Bahrain’s most innovative and accessible mobile wallet for digital financial transactions, has joined forces with Mastercard to launch Click to Pay as a core card feature, becoming one of the first in the Kingdom to enable this default core card capability on eligible cards. Feature allows stc pay Bahrain cardholders […]
Dubai, United Arab Emirates: The Dubai Financial Services Authority (DFSA), the independent banking, financial services, and markets regulator of Dubai International Financial Centre (DIFC), today published Consultation Paper No. 173 (CP 173), proposing significant updates to its Collective Investment Fund framework. The DFSA’s funds framework was established in 2006, and these proposals mark its most significant review […]
AlGhamdi to lead Microsoft Arabia as the company prepares for the launch of its Saudi Arabia cloud region and continues to support the Kingdom’s AI and digital ambitions . Microsoft appoints Ayman AlGhamdi as President, Microsoft Arabia, effective July 5, 2026. AlGhamdi brings 14 years of experience at Microsoft, most recently serving as Vice President, Public Sector in Saudi Arabia, where he worked […]
Dubai, UAE: Emirates NBD, a leading banking group in the Middle East, North Africa, and Türkiye (MENAT) region, and Techstars, one of the world’s leading startup accelerators, announced a strategic partnership to drive AI and FinTech innovation in the region. The collaboration marks a shift from traditional startup mentorship towards a commercially driven “Acceleration-to-Enterprise” model, designed […]
Visa has unveiled new capabilities under Visa Accept and Visa Direct that turn smartphones into payment tools for small businesses, part of a global push the company said is already relevant to Qatar’s high contactless retail environment. The rollout, announced globally on June 30, targets microsellers and merchants in emerging markets, allowing them to accept […]