The UAE Banks Federation (UBF) has announced that Dubai will host SIBOS 2029, an annual conference and networking event organized by the Society for Worldwide Interbank Financial Telecommunication (SWIFT). This selection underscores global confidence in the UAE’s prominent position in the financial and banking sector, as well as its critical role in advancing the payments...
Crossfin, a South African fintech investment team, has initiated its global expansion by investing in UAE-based Unitey Digital Holdings. This investment is made through Crossfin’s newly established investment arm in Singapore, marking a significant step in targeting new markets in the Middle East and Asia. Anton Gaylard, co-founder and CXO of Crossfin, stated that since...
Paytm Cloud Technologies Ltd (PCTL), a subsidiary of fintech company Paytm, has officially launched a wholly owned subsidiary in the United Arab Emirates (UAE). The new entity is named Paytm Arab Payments LLC and focuses on offering technology-driven merchant payments and financial services in the region. In an exchange filing, PCTL’s board confirmed an investment...
PayPal has announced a strategic partnership with Ignyte, aiming to enhance the startup ecosystem in the UAE by providing seamless payment solutions and facilitating cross-border growth. As a founding partner of Ignyte, PayPal will support entrepreneurs and small businesses in managing their payments effortlessly, thereby aiding their operations in the expanding digital economy. This collaboration...
Ripple, a leader in enterprise blockchain and crypto solutions, has received approval from the Dubai Financial Services Authority (DFSA) to provide regulated crypto payments and services within the Dubai International Financial Centre (DIFC). This significant milestone makes Ripple the first blockchain-enabled payments provider licensed by the DFSA. The approval represents Ripple’s first license in the...
Al Etihad Payments (AEP), which is a part of the Central Bank of the UAE (CBUAE), has announced the start of Jaywan, the UAE’s first domestic card scheme. It can now be used anywhere in the world. This project fits with the UAE’s plan to become more digital and will help the country become a...
Abu Dhabi-based Investcorp Capital plc has announced its agreement to invest in Epipoli, a prominent alternative payments enabler in Italy. This investment comes after Investcorp Group signed a definitive agreement to acquire Epipoli from Bregal Milestone and its founder and CEO, Gaetano Giannetto, who will continue to manage the company. The terms of the transaction...