e& money and Mastercard partner to transform digital payments for 10m consumers in the UAE
e& money and Mastercard partner to transform and evolve the way customers make payments via an exclusive prepaid card.
DIFC’s H1 2023 performance strengthens Dubai’s position as a global finance and innovation hub
Finance and innovation hub DIFC witnessed exceptional growth in the first half of 2023 with 661 new entities registering in the Centre.
CAPEX appoints Paul Turner as Executive Director – UAE & MENA Region
CAPEX, the global, multi-asset FinTech provider, have appointed Paul Turner as the new Executive Director – UAE & MENA Region.
Nomura’s Laser Digital receives Virtual Asset Service Provider Licence from Dubai’s Virtual Asset Regulatory Authority
Laser Digital, Nomura’s Dubai-based digital asset subsidiary, has received its operating license approval from Dubai’s Virtual Asset Regulatory Authority.
Global fintech funding falls to US$52.4 billion, but it’s not all bad news: KPMG Pulse of Fintech – H1 2023
The first six months of 2023 were difficult for the fintech market globally, with both total funding and the number of deals dropping, from US$63.2 billion across 2,885 deals in H2’22 to US$52.4 billion in across 2,153 deals in H1’23. The cloud of uncertainty permeating the market continued to wear on investors, driven by factors including global macroeconomic concerns (high inflation and rising interest rates), geopolitical tensions (the ongoing conflict between Russia and the Ukraine), and tech sector challenges (depressed valuations and a continued lack of exits). The collapse of several US banks early in 2023 likely also kept many investors in wait and see mode during H1’23. But not […]
Binance the First Virtual Asset Exchange to receive an Operational MVP License in Dubai
Binance is the first virtual asset exchange in the world to secure an Operational MVP License from Dubai’s Virtual Assets Regulatory Authority (VARA).
Noon launches P2P payments service Noon Pay
Noon, a digital ecosystem of products and services, have announced the launch of Noon Pay, noon’s peer-to-peer payments service in KSA and the UAE.
Trigger Software and Sigma Software partner on digital banking projects
UAE’s Trigger Software has agreed to work together with Sigma Software on the projects in the digital banking space.
