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Fintech

Latest digital news on financial technology, software, apps and innovation

Visa's fourth-quarter revenue rose 19 per cent on an annual basis to $7.8 billion. AP

Visa profit surges on higher payment volumes and cross-border transactions

MarketsOctober 25, 2022

A vendor weighs vegetables at Al-Manhal market in Cairo. MaxAB serves small traditional retailers, which are the backbone of Egypt's grocery industry. Bloomberg

Egyptian e-commerce start-up MaxAB raises $40m to fund growth

Start-UpsOctober 20, 2022

Several digital banks, as well as specialised payments players, have launched in the UAE as the government incentivises the development of the payments industry. Getty Images

UAE payments industry revenue set to reach $18.7bn by 2031, BCG says

EconomyOctober 19, 2022

The global FinTech market is projected to reach $332.5 billion by 2028. Alamy

Data analytics and AI to fuel Middle East's FinTech growth, says MasterCard

TechnologyOctober 12, 2022

A central bank advertisement in Mumbai, India. The Covid-19 pandemic caused a surge in digital payment solutions and led to more financial inclusion globally. Getty

How FinTech has unlocked new financial opportunities for millions

MoneyOctober 11, 2022

The Gate building at the DIFC. Mamo will carry out regulated money services from the emirate's financial centre. Bloomberg

UAE FinTech Mamo secures DFSA approval to operate from DIFC

TechnologyOctober 10, 2022

Abu Dhabi Finance Week will help 'bolster Abu Dhabi’s position as a leading international financial hub', say organisers. Victor Besa / The National

Global financial leaders to gather for Abu Dhabi Finance Week

EconomyOctober 03, 2022

Binance intends to offer a range of Vara-approved virtual assets-related services to qualified retail and institutional investors in Dubai. Reuters

Binance secures 'viable product' licence from Dubai regulator

CryptocurrenciesSeptember 20, 2022

The number of registered companies at the Dubai International Financial Centre stood at 4,031 in first half of 2022. Photo: DIFC

Number of companies operating in DIFC up 11% in first half of 2022

BusinessSeptember 07, 2022

Ittai Ben Zeev, chief executive of Tel Aviv Stock Exchange, Ahmed Al Zaabi, chairman of ADGM and Mohamed Al Khaja, UAE Ambassador to Israel, at the opening bell ceremony of Tel Aviv Stock Exchange on Tuesday. Photo: ADGM

Abu Dhabi delegation explores co-operation with Israeli companies

EconomySeptember 06, 2022

Splintr chief executive Mohammad AlMheiri hopes to transform the FinTech into the region's next Apple Pay. Antonie Robertson / The National

Generation Start-up: how Splintr plans to disrupt the BNPL sector

MoneySeptember 05, 2022

The Saudi central bank said it updated the framework of its regulatory sandbox to support more FinTech start-ups. Waseem Obaidi for The National

Sama updates regulatory sandbox's framework to support more FinTech start-ups

TechnologySeptember 01, 2022

Payment solutions was the top sub-sector for investors in 2022, attracting 42 per cent of all investments made into FinTech with an annual funding growth of 152 per cent, Magnitt's study showed. Reuters

FinTech remains highest-funded industry across emerging venture markets

MoneyAugust 30, 2022

Nuha Hashem and Alok Kumar are the co-founders of teenager-focused neobank Zywa that offers a gamified, community-based banking app and payment card for Gen Z. Victor Besa / The National

Generation Start-up: how neobank Zywa aims to improve Gen Z's money skills

MoneyAugust 29, 2022

Alok Kumar and Nuha Hashem, co-founders of start-up Zywa. Photo: Zywa

FinTech Zywa raises $3m valuing it at $30m

Start-UpsAugust 23, 2022

The Saudi FinTech Tamara, which has to date raised $216m in equity and debt, expects to become profitable next year. Photo: Tamara

Saudi Arabia's FinTech start-up Tamara raises $100m to fund expansion plans

Start-UpsAugust 22, 2022

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