Commits $13bn (£10bn) in global investments over five years to drive its expansion, including a $4bn (£3bn) commitment to the UK supporting over 1,000 new jobs in the market. Targets the major milestone of 100 million retail customers globally by mid 2027. Recently surpassed $1bn (£741m) milestone in annualised revenue for Revolut Business, cementing its […]
SAN JOSE, Calif., September 24, 2025 — PayPal Holdings, Inc. (NASDAQ: PYPL) today announced a commitment to invest $100 million throughout the Middle East and Africa, fueling innovation, supporting entrepreneurs, and driving inclusive economic growth in one of the world’s fastest-growing digital commerce regions. This strategic investment will be deployed through a mix of minority investments, […]
Mukuru, an African fintech platform, announced a strategic partnership with MoneyGram, a global payments network for consumers, businesses, and communities. The collaboration connects Mukuru to the global MoneyGram network and links two advanced financial technology platforms to deliver faster, more affordable, and inclusive remittance services across Africa, Asia, and beyond. According to Oui Capital’s latest market report, Africa’s […]
Damascus, Syria: Mastercard has signed a landmark memorandum of understanding (MoU) with the Central Bank of Syria to collaborate on the development of a national payments ecosystem in the country. In a pivotal step toward exploring ways to advance the country’s digital payments capabilities, this strategic alliance will explore opportunities to expand access to essential […]
Dubai: ClearTax, one of the world’s largest enterprise AI-driven companies in tax and compliance, today announced a USD 50 million investment in the UAE. The expansion comes as the country prepares to roll out e-invoicing regulations, with the first phase anticipated to go live in July 2026. Following its successful e-invoicing implementations in Saudi Arabia, ClearTax […]
Manama – stc pay, Bahrain’s most innovative and accessible mobile wallet for digital financial transactions, has won the Fintech – Telecommunications category at the Middle East Technology Excellence Awards 2025. The recognition highlights stc pay’s role in driving Bahrain’s digital transformation and delivering secure, accessible, and innovative financial services to individuals and businesses across the Kingdom. Licensed by the Central […]
Amazon has launched its first fulfilment centre in Abu Dhabi, in partnership with the Abu Dhabi Investment Office (ADIO). The new facility is designed to advance logistics and fulfilment capabilities, accelerate delivery speeds and broaden product selection for customers. It also supports Abu Dhabi’s growing retail landscape by empowering entrepreneurs and small to medium-sized enterprises […]
Dubai: Kamel Pay, a UAE-based fintech, announced that it has received In-Principle Approval, from the Central Bank of the UAE, for the country’s highest- Stored Value Facilities (SVF) and Retail Payment Services (RPS) licences enabling full payroll and business payment services. This milestone marks a pivotal step in Kamel Pay’s mission to deliver a trusted and inclusive financial ecosystem, […]
Featuring subscription billing and Merchant of Record (MoR) capabilities, the platform aims to streamline operations for payment providers and digital-first businesses across the region. RIYADH, Saudi Arabia/PRNewswire/ Subotiz, an AI-powered growth and payments platform for subscription-based digital businesses, made its regional debut at Money20/20 Middle East 2025, introducing its comprehensive infrastructure to simplify and optimize […]
The landmark issuance garnered significant global investor interest, underscoring the growing appeal of sustainable Islamic finance. Dubai: Emirates Islamic, a leading Islamic financial institution in the UAE and part of Emirates NBD Group, announced it has successfully priced a USD 500 million Sustainability-Linked Financing Sukuk. This ground-breaking issuance is the first Sustainability-Linked Financing Sukuk globally, showcasing […]