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The Dubai International Financial Centre (DIFC) will host the third edition of the Dubai FinTech Summit on May 12 and 13, 2025. This event is held under the patronage of His Highness Maktoum bin Mohammed, the Deputy Ruler of Dubai and Chairman of the DIFC. His Highness emphasized that the summit showcases Dubai’s commitment to...
Tap Payments has secured a Retail Payment Services License from the Central Bank of the UAE (CBUAE), completing its regulatory approvals throughout the Gulf Cooperation Council (GCC). With this new license, Tap Payments is now one of the most licensed payment providers in the region, reinforcing its commitment to compliance as it works to unify...
Dubai-based fintech startup Fuse has successfully raised US$6.6 million in seed funding, aiming to tackle payment challenges for businesses looking to enter the Middle East and North Africa (MENA) region. The funding round was led by Northzone, with additional contributions from Flourish Ventures, Alter Global, and notable angel investors such as Flutterwave CEO Olugbenga Agboola...
Sonic Labs has decided to cancel its plans for a US dollar-pegged algorithmic stablecoin and is now focusing on developing a stablecoin denominated in United Arab Emirates dirhams. This strategic shift was announced after co-founder Andre Cronje had previously mentioned the potential for a US dollar stablecoin with an annual percentage rate (APR) of up...
Yabi has introduced an innovative AI-powered financial coach, designed to assist users in managing their money effectively. This platform aims to revolutionize personal finance management in the UAE by providing a personalized coaching experience that adapts to individual spending habits and lifestyle choices. With financial literacy in the UAE facing challenges—only 38% of adults are...
Australian fintech startup InDebted has officially launched its operations in the United Arab Emirates (UAE). This expansion marks the company’s entry into its seventh market since it was established in 2016. InDebted specializes in digital debt collection solutions, employing artificial intelligence to provide personalized repayment options for its clients. The company places a strong emphasis...
Al Ansari Financial Services is set to launch a new digital wallet, enhancing payment options for consumers in the UAE. The fintech platform, known as Al Ansari Digital Pay, has received final approval from the UAE Central Bank for its digital wallet initiative. This approval includes licenses for the Stored Value Facility (SVF) and Retail...
Global fintech company XTB has officially opened a new office at the Dubai World Trade Centre to enhance its presence in the Middle East. This expansion is part of the company’s strategy to establish itself as a trusted and regulated brokerage for both retail and institutional investors. The opening of the Dubai office coincides with...
The MENA FinTech Association (MFTA) has announced a strategic partnership with the FinTech Armenia Association, aimed at bolstering fintech innovation in both regions. This collaboration, which was revealed in a press release, signifies a step forward in enhancing cross-border synergies in Financial Technology, Artificial Intelligence, and Banking. It emphasizes the goal of strengthening the global...
Astra Tech has announced the integration of a new smart feature called “Botim AI” into its application Botim Ultra. This development positions the app as the first comprehensive financial technology platform in the region to utilize artificial intelligence solutions. The new feature is a digital chat assistant powered by AI and is designed to provide...