November 6, 2024 – Tencent has announced a strategic partnership with Visa to bring its palm recognition technology to international markets, with an initial rollout in Singapore. The service, called “Pay by Palm,” enables Visa cardholders from participating banks—including DBS, OCBC, and UOB—to make secure, contactless payments by scanning their palms. The pilot launch was […]
Dubai, UAE – Arzan Venture Capital (Arzan VC) has officially announced a strategic partnership with seasoned investor and finance expert Ahmad Takatkah to launch Revenya Capital, a pioneering revenue-based financing (RBF) firm dedicated to empowering tech startups across the MENA region. With an initial seed investment of $2 million from Arzan VC and Arzan Financial […]
Dubai, UAE – Mastercard has announced a strategic, multi-year partnership with leading digital B2B payments company, PayMate, to accelerate and simplify business-to-business (B2B) payments across Eastern Europe, the Middle East, and Africa (EEMEA). This collaboration aims to address significant B2B payment challenges in the region, including limited transaction visibility, manual invoicing, and restricted payment options—all of […]
Riyadh, Saudi Arabia – November 5, 2024 – tali Ventures, the corporate venture capital arm of stc Group, and NorthLadder, a fast-growing device trade-in platform, have announced the successful completion of a $10 million Series B funding round. The investment, led by tali Ventures, also includes participation from Dutch Founders Fund and Crescent Ventures. This […]
To invest dh 462M and create 70 jobs in The UAE and Middle East by 2027 Trusted by 1,500+ customers, including one-third of the Fortune 500, and some of the region’s best-loved brands, including Samsung, Emirates NBD, Nike, Nayomi, ING Bank, Kavak, L’Oreal, and Air Arabia, to accelerate digital growth through best-in-class omnichannel experiences and […]
Sharjah, UAE — Warburg AI, an emerging innovator in artificial intelligence for the financial sector, has raised $250,000 in seed funding to accelerate its mission of reshaping financial services through advanced AI-driven technologies. Founded in September 2024, the company has rapidly attracted investor confidence, securing its first funding round just months after its inception. Based […]
Dubai, UAE – November 4, 2024 In a significant move to enhance its digital asset custody offerings, OKX, a leading onchain technology and crypto exchange company, has announced a partnership with Standard Chartered. This collaboration positions Standard Chartered as the third-party custodian for OKX’s institutional clients, marking a critical step in OKX’s commitment to security, […]
CAIRO: Fintech experts believe Saudi Arabia is positioned to lead the regional landscape in decentralized finance, and also solve some challenges on the horizon. With active support from the Saudi Central Bank, also known as SAMA, and initiatives like Vision 2030, the Kingdom is creating an ideal environment for solutions to so-called DeFi to flourish. […]
Doha, Qatar: Dibsy, a prominent payment solutions provider, has partnered with QNB, the largest financial institution in the Middle East and Africa, to unveil an enhanced version of Visa Click to Pay for retailers in Qatar. This pioneering collaboration marks the first global implementation of Click to Pay with biometric authentication, establishing a new benchmark […]
29 October 2024, Hong Kong – IDA, a prominent stablecoin issuer based in Hong Kong, has entered into a strategic alliance with Zand Bank, the UAE’s first fully licensed all-digital bank, to enhance cross-border digital payment solutions across the Belt and Road regions and BRICS Plus. This collaboration leverages blockchain and AI to enable seamless, […]