Aliph Capital (“Aliph”), an ADGM-based private equity manager, announces the acquisition of a 25% stake in SANIPEX GROUP (“the Company”), the leading homegrown lifestyle product supplier. The investment follows Aliph’s investment in the UAE’s pet retail sector, aligning with its strategy of deploying capital in high-quality, market-leading GCC companies. SANIPEX GROUP provides high-quality bathroom, kitchen, […]
Premier Bank and Mastercard launch Shari’ah-compliant cards, promoting secure, inclusive, and innovative digital banking solutions. Premier Bank, a leading Islamic financial institution in Kenya, has announced a collaboration with Mastercard to introduce an innovative suite of Shari’ah-compliant debit, credit, and prepaid cards. This collaboration marks a significant milestone in delivering secure financial solutions, tailored to […]
Enabling Comera Pay customers to seamlessly send cross-border remittances from the UAE to over 200 countries. Dubai, UAE – MoneyGram International, Inc., a leading global financial technology company that connects the world’s communities, today announced a strategic partnership with Comera Pay, the all-inclusive suite of digital payment services in the UAE , from Comera Financial Holding Ltd., […]
Bitcoin crossed the $100,000 threshold for the first time on Thursday, marking a significant milestone in its journey from a niche libertarian experiment to a mainstream financial asset. The historic rally reflects growing investor confidence in cryptocurrencies amid expectations of a crypto-friendly U.S. administration. The total market value of cryptocurrencies has nearly doubled in 2024, […]
Central and Eastern Europe ~ Last week, Dusan Duffek, Managing Director of Zero One Hundred, a VC fund with offices in Slovakia, Czechia, Cyprus and the UAE, signed a Memorandum of Understanding (MoU) with Investopia, the UAE investment platform chaired by H.E. Abdullah Bin Touq Al Marri, the UAE Minister of Economy. The agreement seeks to strengthen […]
Bahrain, December 4, 2024 – Crypto.com has secured a principal licence with Mastercard, enabling the company to directly issue cards on Mastercard’s network. Crypto.com will launch a card in Bahrain powered by Mastercard. The new programme will leverage Mastercard’s trusted, scalable and secure payments network to enable Crypto.com customers to use their card at over 150 […]
Dubai, UAE – Playgama, a game-tech startup based in the UAE, has raised $3 million in a funding round led by The Open Platform and s16vc, with participation from FJ Labs, The Games Fund, TON Ventures, and Kirill Eves, CEO and Founder of Unlimit. This funding will support Playgama’s mission to empower HTML5 game developers […]
Doha, Qatar – December 3, 2024: Doha Bank, one of Qatar’s leading financial institutions, has announced a groundbreaking partnership with Mastercard to introduce Mastercard Move, making it the first bank in the country to launch this innovative payment solution. This strategic collaboration underscores Doha Bank’s commitment to digital banking excellence, delivering seamless, secure, and efficient […]
China has witnessed a transformative leap in payment systems with the launch of Weixin Palm Payment, a cutting-edge hand-scanning technology developed by Tencent. This innovative solution simplifies daily transactions, allowing commuters to access subways and employees to enter office buildings with a quick palm scan. Introduced in May 2023 and officially launched in September, the […]
Through this partnership, MyFatoorah will deploy state-of-the-art payment solutions to enhance the customer experience for its 75,000+ merchants in the region. Dubai, UAE: MyFatoorah, a leading payments platform and the only payment service provider (PSP) licensed in all GCC countries offering payment solutions across the Middle East, has announced its strategic collaboration with Mastercard to introduce […]