Astra Tech, a consumer technology holding group based in the UAE, has officially launched the ‘Send Now, Pay Later’ (SNPL) feature within its Botim Ultra App. This new feature allows users to remit up to AED 5 000 instantly to over 200 countries, with the option to repay the amount over six months. The SNPL...
The Saudi Central Bank (SAMA) has granted a license to “Tamawal” to offer finance aggregation services, marking a significant step in enhancing the financial sector in the country. With this latest addition, there are now six licensed companies providing finance aggregation services in Saudi Arabia. This decision reflects SAMA’s commitment to support the financial sector,...
Card transactions in the United Arab Emirates are projected to reach AED565.5 billion, equivalent to $154 billion, in 2025, according to research conducted by GlobalData. This projection reflects a significant growth trend, with card payment values having risen by 13 percent year-on-year to AED511 billion last year. The increasing preference among consumers for digital transactions,...