Dubai, UAE: Tap Payments has been awarded a Retail Payment Services License by the Central Bank of the UAE (CBUAE), completing its regulatory approvals across the entire GCC. The UAE is home to the largest number of fintech and payments companies in the region, with 184 firms. With approvals now spanning every GCC country, Tap […]
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 – 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 […]
Doha, Qatar: Mastercard has revealed its intent to set up a physical presence for its global Mastercard Academy in Doha with the aim of enhancing skill sets across the financial industry for regional and global players. The first of its kind Hub will create a learning and innovation ecosystem powered by Mastercard and business schools from […]
The Central Bank of the UAE on Thursday introduced a new symbol for the nation’s currency, both in its physical and digital forms, marking a significant step in reinforcing the UAE’s status as a leading global financial center. According to the Emirates News Agency or WAM, the newly unveiled dirham symbol draws inspiration from the […]
Dubai, UAE –– Al Ansari Digital Pay, the fintech arm of Al Ansari Financial Services PJSC (DFM: ALANSARI), has secured final approvals from the Central Bank of the UAE (CBUAE) for both the Stored Value Facility (SVF) and Retail Payment Services and Card Schemes (RPSCS) licenses. This marks a pivotal step toward the official launch of its […]
Dubai’s rise in the Global Financial Centre Index underscores the DIFC’s pivotal role in shaping the city as a major player in the fintech sector. Dubai has secured a spot among the top five cities worldwide for fintech, as revealed in the latest Global Financial Centre Index (GFCI) rankings. This recognition highlights the significant contributions […]
Doha, Qatar: Ooredoo Fintech has announced a strategic partnership with Mashreq to transform payroll solutions for businesses across Qatar. This collaboration will offer seamless, secure, and compliant Wages Protection System (WPS) salary payment services through Ooredoo Money, enhancing efficiency and promoting financial inclusion while adhering to Qatar Central Bank (QCB) regulations. The agreement was officially […]
Dubai, UAE – Al Ansari Financial Services PJSC announced that its shareholders have approved the Board of Directors’ recommendation to distribute a total cash dividend of AED 315 million (4.2 fils per share) for 2024. This represents approximately 78% of the company’s net profit after tax for the year. During the Annual General Assembly, shareholders approved […]
Dubai, UAE – Al Ansari Exchange, the leading remittance and foreign exchange service provider in the UAE, has announced a strategic partnership with BILRS Payment Services Provider Co LLC, a global leader in bill payment solutions. This collaboration will enable customers to make seamless international and domestic bill payments across Al Ansari Exchange’s extensive branch network. […]