MENA

The Key to Solving MENA Banking Challenges Starts With Regulators

The Key to Solving MENA Banking Challenges Starts With Regulators
The Key to Solving MENA Banking Challenges Starts With Regulators
June 27, 2022  |  Banking

Card issuers might have it easy in regions like Europe and North America, but in the Middle East and North Africa (MENA) market, FinTechs have...

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Careem Boosts Food Delivery Space Footing With MUNCH:ON Acquisition
Careem Boosts Food Delivery Space Footing With MUNCH:ON Acquisition
June 24, 2022  |  Delivery

Careem, the Dubai-based ride-hailing company with operations in over 100 cities across the Middle East, Africa and South Asia has acquired the food delivery platform...

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Ghana FinTech Fido Raises $30M in Series A Round
Ghana FinTech Fido Raises $30M in Series A Round
June 22, 2022  |  Investments

Ghanaian FinTech Fido has raised $30 million in a funding round to boost the company’s efforts to develop financial technologies that can be used across...

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Saudi Arabian Home Appliance Maker Shaker Eyes 40% Stake in BNPL Firm Cashew Payments
Saudi Arabian Home Appliance Maker Shaker Eyes 40% Stake in BNPL Firm Cashew Payments
June 21, 2022  |  Investments

Al Hassan Ghazi Ibrahim Shaker Company, based in Saudi Arabia, has agreed to acquire a 40% stake in buy now, pay later (BNPL) firm Cashew...

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State of Open Banking in Europe, Africa and the Middle East
State of Open Banking in Europe, Africa and the Middle East
June 21, 2022  |  emea

Open Banking (OB) refers to the use of open-source technology and data-sharing in the delivery of financial services. The goals of a more open financial...

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4 Key Factors Creating Payments Friction Across MENA
4 Key Factors Creating Payments Friction Across MENA
June 19, 2022  |  Cross-border Payments

A report by the MENA Fintech Association (MFTA) analyzing the landscape of cross-border payments across the region has found that cost, speed, accessibility and transparency...

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Ascenda, BSF Team to Offer Banking Rewards in Middle East
Ascenda, BSF Team to Offer Banking Rewards in Middle East
June 17, 2022  |  Mena

Payments and banking rewards provider Ascenda has formed a partnership with Saudi Arabia’s Banque Saudi Fransi (BSF), the companies said in a news release Thursday...

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Tammeyah for Microfinance Services Buys French B2B Marketplace
Tammeyah for Microfinance Services Buys French B2B Marketplace
June 16, 2022  |  Acquisitions

Egyptian microfinance firm Tammeyah for Microfinance Services has completed its purchase of Fatura Netherlands N.V., a B2B marketplace, according to a Wednesday (June 15) press release....

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The UAE’s Increasing Role as a Regional FinTech Hub
The UAE’s Increasing Role as a Regional FinTech Hub
June 15, 2022  |  Fintech Investments

Home to two booming international financial centers — emirates Abu Dhabi and Dubai — the United Arab Emirates (UAE), the third-largest economy in the Arab...

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