Fintech News UAE

Majid Al Futtaim, a leading shopping mall, communities, retail, and leisure pioneer across the Middle East, Africa, and Asia, today announced a new partnership with Checkout.com. Image courtesy: Majid Al Futtaim

In a groundbreaking move to advance the digital economy and enhance financial inclusion across the UAE, du Pay has announced its strategic partnership with Visa. This collaboration will see the introduction of cutting-edge prepaid Visa cards, available exclusively through the du Pay app. These new Visa prepaid cards are designed to provide secure, accessible, and […]

Elevate, a London and Dubai-based fintech, has raised $5 million in a pre-series A investment round, according to the company’s statement, which does not name the investors. Elevate, the fintech company based in London and Dubai, has secured $5 million in a pre-Series A funding round. Elevate has already attracted over 150,000 users from Asia […]

Zand Bank PJSC, the digital bank licensed by the Central Bank of the UAE, and MANTRA, an RWA-focused Layer 1 blockchain, have signed a Memorandum of Understanding (MOU) to streamline the process of real-world asset tokenization, including the identification, listing and distribution of RWAs. The collaboration between these two entities will also focus on developing […]

In a groundbreaking move set to transform corporate travel management in the region, Tumodo, a leading UAE-based travel technology firm, has announced a strategic partnership with Saudi fintech company Tabby. This collaboration promises to revolutionize business travel planning, streamline expenses, and contribute to sustainable practices across the UAE. Leveraging Tumodo’s state-of-the-art travel management solutions, Tabby’s […]

UAE-based AI startup qeen.ai announced today that it has successfully secured a $2.2 million pre-Seed funding round to drive its mission to transform the global e-commerce landscape, starting in the MENA region. The round is led by Wamda Capital, with participation from international and regional investors, including 10x Founders, Aditum and Dara Holdings, along with […]

Network International, the leading enabler of digital commerce across the Middle East and Africa (MEA) region, has announced its role in driving payments innovation in the UAE by being among the first acquirers to activate ‘Jaywan’, the UAE’s Domestic Card Scheme. This initiative is in partnership with Al Etihad Payments, a subsidiary of the Central […]

Dubai’s Roads and Transport Authority (RTA) has entered into a strategic partnership after signing an MoU with SmartCrowd Holding Ltd, the parent company of SmartCrowd Ltd. The latter, licensed by the Dubai Financial Services Authority (DFSA), is recognized as the first digital platform specialising in real estate investment and crowdfunding across the Middle East and […]

In a significant move towards enhancing convenience and digital payment infrastructure, all taxis in Ras Al Khaimah are now fully equipped with Network POS terminals. This landmark achievement is the result of a collaborative effort between local taxi operators and the RAK Transport Authority, demonstrating a strong commitment to modernizing public transportation and improving the […]

Astra Tech, the region’s largest tech ecosystem and fastest-growing fintech company headquartered in Abu Dhabi, has announced the strategic opening of its new Dubai office within the DIFC Innovation Hub. This move positions Astra Tech as the largest fintech entity within the thriving innovation ecosystem of the Dubai International Financial Centre (DIFC). The official announcement […]