In a significant advancement for the UAE’s real estate market, Tern Rewards has introduced the country’s first digital rental payment and rewards platform. This innovative service allows tenants to pay their rent using credit cards while earning double the rewards, transforming how tenants and landlords interact. By combining financial flexibility with modern technology, Tern Rewards...
His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, the First Deputy Ruler of Dubai and the Deputy Prime Minister and Minister of Finance of the UAE, recently met with Michael Miebach, the CEO of Mastercard. The meeting focused on strengthening partnerships aimed at enhancing the digital economy and payment solutions in the UAE....
Impact46, acting as the fund manager for the Venture Capital InsurTech Fund and Impact Growth Fund, has successfully sold all of its shares in Rasan Information Technology Company. This transaction involved 13,296,836 shares, which constitute approximately 17.16% of Rasan’s total share capital. The sale was executed through an Accelerated Bookbuild Offering, and the offering size...
Al Etihad Payments (AEP), a subsidiary of the Central Bank of the UAE (CBUAE), has partnered with Mastercard to introduce the Jaywan-Mastercard debit and prepaid cards in the UAE. This collaboration aims to improve secure, seamless, and accessible digital payment options across the country. The new Jaywan-Mastercard cards will allow users to perform secure, simple,...
Emirates NBD, a leading banking group in the Middle East, North Africa, and Türkiye (MENAT) region, has successfully concluded the third cohort of its National Digital Talent Incubator (NDTI)® program. This initiative reinforces Dubai’s reputation as a global hub for FinTech and is supported by a network of esteemed industry partners, including DIFC Innovation Hub,...
Al Etihad Payments, a fully owned subsidiary of the Central Bank of the UAE (CBUAE), has announced a new co-badging partnership with Visa, aimed at enhancing digital payment solutions in the UAE. This partnership introduces the ‘Jaywan-Visa’ card, which combines the benefits of both financial institutions to provide a seamless payment experience for users. The...
Financial markets are undergoing significant changes, with artificial intelligence (AI) increasingly influencing investment management. A notable example of this shift is the Galileo FX, an AI-driven bot that reportedly achieved a remarkable 500% return on a $3,200 investment in just one week. Additionally, the introduction of Deepseek is set to enhance processing capabilities, further advancing...
Visa has launched its Tap to Add Card feature in the UAE, a significant step forward in the realm of digital wallet integration. This innovative technology allows cardholders to add their Visa contactless cards to digital wallets simply by tapping them on their mobile devices. The Tap to Add Card feature enhances both security and...
Pemo, a prominent FinTech company based in the UAE, has announced a collaboration with Hale Education Group to launch a summer internship program aimed at high school students. This initiative is designed to provide students with practical, hands-on experience in the business world, particularly within the rapidly growing FinTech sector. The program, led by Pemo...
Dubai-based Salica Spring Studios, supported by Salica Investments and Al Waha Fund of Funds, has announced a strategic investment in BILRS, a fast-growing provider of global bill payment solutions. This partnership is a significant step forward for BILRS as it aims to enhance its operations and improve financial accessibility for users worldwide. The investment will...