Middle East

Strengthening Relations Help Bolster Israel-UAE FinTech Collaboration
Strengthening Relations Help Bolster Israel-UAE FinTech Collaboration
November 24, 2022  |  Fintech Investments

It’s been two years since a U.S.-brokered deal that normalized diplomatic relations between Israel and the United Arab Emirates (UAE) in 2020, leading to the...

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Neobank Licensing Sets Stage for Saudi FinTech Acceleration
Neobank Licensing Sets Stage for Saudi FinTech Acceleration
November 15, 2022  |  Digital-First Banking

In the evolution of FinTech in any given market, there are certain phases and milestones that can be observed. For example, the development of payment...

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FIs, FinTechs Leverage Blockchain To Power X-Border Payments In EU, Middle East
FIs, FinTechs Leverage Blockchain To Power X-Border Payments In EU, Middle East
October 19, 2022  |  Blockchain

In discussions of blockchain technology and its effect on payments, the idea that cryptocurrencies like Bitcoin will replace fiat money abounds. While arguments for and...

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Big Tech Eyes Untapped Cloud Opportunities in MEA Markets
Big Tech Eyes Untapped Cloud Opportunities in MEA Markets
October 17, 2022  |  Big Tech

In recent years, cloud data centers and the scalable server power they provide businesses have emerged as one of the most critical infrastructural components of...

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Banking License Puts Profitability Within Reach for UAE Neobanks
Banking License Puts Profitability Within Reach for UAE Neobanks
October 03, 2022  |  Digital-First Banking

If the Middle East was late to the neobank party, the United Arab Emirates, at least, is making strides toward the future of digital banking....

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The Saudi Sandbox Revolution: How Experimentation Is Driving Innovation in the KSA
The Saudi Sandbox Revolution: How Experimentation Is Driving Innovation in the KSA
August 02, 2022  |  Technology

PYMNTS recently reported on the state of the FinTech ecosystem in the Kingdom of Saudi Arabia (KSA) as part of a series on the Gulf...

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PYMNTS GCC Series: Bahrain Drives Open Banking Adoption in MENA
PYMNTS GCC Series: Bahrain Drives Open Banking Adoption in MENA
July 12, 2022  |  Banking

In the second installment of this series on the state of FinTech ecosystems in the Gulf Cooperation Council (GCC), PYMNTS will be taking a look...

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PYMNTS GCC Series: High Smartphone Penetration, Govt Support Boosts UAE’s FinTech Growth
PYMNTS GCC Series: High Smartphone Penetration, Govt Support Boosts UAE’s FinTech Growth
July 11, 2022  |  Technology

Although not all countries in the Gulf Cooperation Council (GCC) — Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates (UAE) — are...

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UAE-Based Digital Bank YAP Raises $41M to Expand to Saudi Arabia, Pakistan, Egypt
UAE-Based Digital Bank YAP Raises $41M to Expand to Saudi Arabia, Pakistan, Egypt
July 04, 2022  |  Investments

United Arab Emirates (UAE)-based digital bank YAP has raised $41 million in funding and is looking to raise another $20 million for further expansions, Reuters...

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