saudi arabia

Saudi Food Delivery Platform Jahez to Go Public 
Saudi Food Delivery Platform Jahez to Go Public 
December 01, 2021  |  IPO

Saudi-based food delivery startup Jahez is readying its initial public offering (IPO) on the Saudi stock exchange, according to a Wednesday (Dec. 1) press release. ...

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Saudi Central Bank Says Country’s Contactless Payments Adoption Is 94%
Saudi Central Bank Says Country’s Contactless Payments Adoption Is 94%
October 03, 2021  |  Cross-border Payments

The Saudi Central Bank (SAMA) has seen the biggest rate of adoption of contactless payments in the Middle East and North Africa and ahead of...

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Saudi Security Firm Elm Looks At $2 Billion IPO
Saudi Security Firm Elm Looks At $2 Billion IPO
May 10, 2021  |  IPO

Elm, the digital security firm owned by Saudi Arabia’s sovereign wealth fund, is exploring a roughly $2 billion initial public offering (IPO). That’s according to...

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Today In Payments Around The World: Tamara Lands $110 Million; Tribal Credit Raises $34.3 Million
Today In Payments Around The World: Tamara Lands $110 Million; Tribal Credit Raises $34.3 Million
April 22, 2021  |  Cross-border Payments

In today’s top payments news around the world, Checkout.com is leading a $110 million funding round for Tamara, while Tribal Credit landed $34.3 million in...

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Payment Rail Competition Heats Up
Payment Rail Competition Heats Up
April 22, 2021  |  B2B Payments

ACH volume hit new records in the year’s first quarter, driven in part by a surge in B2B payments adoption. But as this week’s Payment...

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Saudi Payments Teams With IBM, Mastercard To Launch Instant Payments
Saudi Payments Teams With IBM, Mastercard To Launch Instant Payments
April 21, 2021  |  Real-Time Payments

Saudi Arabia’s Saudi Payments Network is teaming up with IBM and Mastercard to launch instant payments in the kingdom. The country’s new instant payments system —...

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Saudi Arabia’s Open Banking Plan Aims To Advance Digital Innovation
Saudi Arabia’s Open Banking Plan Aims To Advance Digital Innovation
January 14, 2021  |  Cross-border Payments

The Saudi Arabian Monetary Authority (SAMA) is introducing an open banking policy to advance digital innovation in the financial services sector. Saudi Arabia’s central bank...

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Saudi Arabia’s Sovereign Wealth Fund Puts $1.3B Into Reliance Retail
Saudi Arabia’s Sovereign Wealth Fund Puts $1.3B Into Reliance Retail
November 05, 2020  |  Cross-border Payments

The Public Investment Fund of Saudi Arabia plans to invest about $1.3 billion for an equity stake of about 2 percent in India’s Reliance Retail...

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Bitcoin Daily: Saudi Arabia Eyes Blockchain Passport For Business; BoE Governor Calls For Global Stablecoin Laws
Bitcoin Daily: Saudi Arabia Eyes Blockchain Passport For Business; BoE Governor Calls For Global Stablecoin...
September 03, 2020  |  Bitcoin

Saudi Arabia has proposed a business passport built off of blockchain technology to help overcome trade finance challenges brought about by the pandemic, CoinDesk reported....

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