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. […]
HyperPay, a leading digital payment solutions provider, launched HyperTap, a secure Tap on Phone payment solution designed to transform the way UAE businesses receive payments. By allowing smartphones to serve as contactless point-of-sale (POS) terminals without the need for additional hardware, HyperTap offers seamless, cost-effective, and efficient transaction experiences for both customers and merchants. HyperTap […]
Dubai – RemotePass, a UAE-based global payroll platform, and Wafeq, a UAE-based accounting software provider, have partnered to fully automate payroll accounting for businesses in the UAE and KSA. This integration seamlessly syncs payroll and financial data from RemotePass to Wafeq’s accounting system in real-time, eliminating manual entry, reducing errors, and ensuring compliance. The two-way native […]
Abu Dhabi Businesswomen Council has established a cooperation agreement with Publicis Groupe Middle East to unveil a new initiative, “Ra’idah,” which is specifically focused on empowering women entrepreneurs in Abu Dhabi. Ra’idah is a year-long program specifically crafted to accelerate the success of women entrepreneurs by providing them with essential skills and tools, especially in digital […]
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. […]
Africa, Middle East, Pakistan – Standard Chartered today announced a partnership with Village Capital to continue and expand its Futuremakers Women in Tech Accelerator across Africa, the Middle East, and Pakistan. Part of Futuremakers by Standard Chartered (Futuremakers), the Bank’s global youth economic empowerment initiative for disadvantaged young people, and with funding from the Standard Chartered Foundation. Futuremakers […]