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.
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 […]
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.
UAE digital payments market is booming!
The booming digital payments market in the United Arab Emirates presents a significant opportunity for fintech firms to reap dividends.
Adyen and CAFU partner to offer a seamless payment experience in the UAE
Global fintech company Adyen has partnered with an on-demand fuel delivery company CAFU in the UAE.
Astra Tech launches payments through face biometrics in Abu Dhabi
UAE fintech company Astra Tech has unveiled an autonomous retail store in Abu Dhabi’s Sky Tower, featuring a unique payment system that utilises face biometrics.
MENA fintech HyperPay announces support for mada Apple Pay recurring services for merchants
MENA fintech HyperPay has enabled mada Apple Pay recurring services for merchants to offer subscription-based services through secure and feasible payment options.
Dapi and Mastercard form strategic partnership to bring seamless A2A payments to UAE
Abu Dhabi fintech company Dapi has announced a strategic partnership Mastercard, aimed at introducing A2A payments on Mastercard Payment Gateway Services.
