Middle East

Banking License Puts Profitability Within Reach for UAE Neobanks

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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Mastercard, Open Banking Firm Spire Team on Middle East Digital Banking
Mastercard, Open Banking Firm Spire Team on Middle East Digital Banking
June 23, 2022  |  Digital Banking

Mastercard has recently collaborated with Spire, which provides open banking for the Gulf Cooperation Council, to help improve digital banking for the region, according to...

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59% of UAE Shoppers Use Smartphones to Enhance Their In-Store Experience
59% of UAE Shoppers Use Smartphones to Enhance Their In-Store Experience
June 08, 2022  |  Shopping

In the United Arab Emirates (UAE), almost 60% (59.2%) of shoppers surveyed for the PYMNTS 2022 Global Digital Shopping Index reported using their smartphones at...

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30% of UAE SMB Customers Pay Online Using Digital Wallets, Highest in 6-Country Study
30% of UAE SMB Customers Pay Online Using Digital Wallets, Highest in 6-Country Study
May 22, 2022  |  SMBs

Digital wallets, including PayPal, Apple Pay and Google Pay, have grown in popularity in recent years and can be an important payment feature for global...

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OPay, Mastercard Tie-Up Drives Financial Inclusion in Middle East, Africa  
OPay, Mastercard Tie-Up Drives Financial Inclusion in Middle East, Africa  
May 19, 2022  |  Financial Inclusion

OPay and Mastercard are collaborating to drive financial inclusion across the Middle East and Africa by partnering to open up digital commerce in the region,...

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