MENA

STC Bank, a subsidiary of the state-owned Saudi Telecom Company, has secured regulatory approval from the Saudi Central Bank (SAMA) to officially commence digital banking operations in the Kingdom. This milestone follows the completion of the bank’s...

The Saudi Central Bank (SAMA) has partnered with Google to introduce Google Pay to Saudi Arabia, integrating the service with the national payments network, mada. This development is a significant milestone in the Kingdom's push to advance digital...

Saudi Arabia continues to cement its position as a burgeoning fintech hub with the Saudi Central Bank (SAMA) issuing two new licenses to innovative service providers. These latest developments align with the Kingdom’s ambitious Vision 2030 agenda,...

Tarabut, a Middle Eastern open banking platform, has acquired UK-based fintech Vyne, a real-time account-to-account (A2A) payments platform for online businesses, for an undisclosed amount. The acquisition, completed on August 1 after approvals from...

Shopping and financial services app Tabby has announced its acquisition of Tweeq, a Saudi-based digital wallet licensed by the Saudi Central Bank (SAMA). The agreement, revealed at Saudi Arabia’s 24 Fintech event, is subject to regulatory approval....

Bank Audi , Lebanon's largest bank, has introduced a new digital banking service, Neo by Bank Audi, marking the country's first neobank. Neo's initial offerings include dual-currency bank accounts in both US dollars and Lebanese pounds, physical and...

Jordan Kuwait Bank (JKB) has teamed up with Mastercard and UAE-based fintech FOO to introduce eliWallet, a prepaid digital wallet that supports both virtual and physical cards for multicurrency transactions. JKB highlights that eliWallet will allow...

Swiss crypto firm Taurus has announced a partnership with Zand , the UAE's first digital bank, to offer digital asset services. This collaboration reflects the growing interest among traditional financial institutions in the UAE to integrate digital...

Pyypl , a fintech company operating in the Middle East and Africa (MEA), has partnered with Visa to introduce virtual and physical prepaid Visa cards via its mobile app. This strategic collaboration aims to enhance financial inclusion across the...

Meethaq , the Islamic banking division of Bank Muscat in Oman, has successfully implemented Temenos' core banking software for its retail and corporate banking operations. This transition marks a significant milestone, with over 200,000 customer...

HSBC has launched its new ecommerce digital payment platform, Omni Collect, in the UAE, in collaboration with Saudi fintech company Geidea. The platform, accessible via HSBCnet, aims to simplify digital payment collection for corporate customers...

ZainCash , a payment service provider in Iraq and a subsidiary of March Holding, has implemented Temenos core banking and payments solutions to support its rapid growth and innovation. By integrating Temenos’ flexible banking platform, ZainCash aims...

Koc Group is reportedly in advanced discussions to sell its 61.2% stake in Istanbul-based Yapi Kredi Bank to First Abu Dhabi Bank (FAB) , with the transaction valued at approximately $8 billion, according to sources cited by Reuters. Koc Group...

United Fintech , led by CEO Christian Frahm, has announced the inauguration of its new office in the Dubai International Financial Centre (DIFC) . This move into the UAE reflects the growing demand for financial technology and highlights the...

In a significant development reshaping the financial landscape of Saudi Arabia, the Saudi Central Bank (SAMA) has granted official approval for the transition of STC Pay, the mobile financial services division of Saudi Telecom Company, into STC...

Emirates NBD, a prominent banking group in the MENAT region (Middle East, North Africa, and Türkiye), has forged a significant alliance with the Dubai International Financial Centre (DIFC) by becoming a Premium Banking Partner for the esteemed Dubai...

Pagaya Technologies , a pioneering global technology company leveraging AI-driven solutions, has announced the successful procurement of a $280 million credit facility, signalling a significant milestone in its journey towards transformative growth...

Emirates NBD , a Dubai-based banking group, has entered into a strategic partnership with Silent Eight , an anti-financial crime platform based in Singapore. The collaboration aims to elevate compliance automation by leveraging Silent Eight's...

Fintech Galaxy , an Open Banking and financial innovation firm, has introduced its FINX Comply services in the United Arab Emirates (UAE). The platform aims to provide fast-to-market, cost-effective, and robust Open Banking and Open Finance...

Mashreq , a prominent bank in the UAE, has entered into a Memorandum of Understanding (MoU) with Fils, a local fintech firm. This partnership aims to create a corporate carbon offsetting offering, allowing corporate and institutional clients to...