The head of Dubai’s cryptocurrency authority is reportedly resigning after 11 months on the job. Henson Orser, who became CEO of the Virtual Assets Regulatory Authority (VARA) in January, is stepping down as regulators are set to impose broad-scale fines against non-compliant crypto companies doing business in...
Tabby, a buy now, pay later (BNPL) platform based in Riyadh, has raised $200 million in its Series D funding round, achieving a valuation of $1.5 billion. This has made Tabby the first FinTech unicorn in the region, the firm said in a Wednesday (Nov....
Dubai’s Department of Economy and Tourism (DET) has announced a partnership with Mastercard to accelerate the emirate’s growth in line with the goals of the Dubai Economic Agenda, D33. Through this strategic alliance, dubbed the Digital City Partnership, the DET and Mastercard intend to support...
Payments infrastructure provider NymCard has acquired buy now, pay later firm Spotii. The purchase, announced Monday (June 12), lets Dubai-based NymCard offer its financial services clients a buy now, pay later (BNPL) tool customized for local markets in the Middle East/North Africa (MENA) region, the company said in a news...
September 10, 2020
Dubai is a city that has for centuries operated as a keystone of B2B trade across the Middle East, North Africa and Asia (MENA) region. While its rich commerce history has fostered an ecosystem of reliable buyer-supplier relationships, legacy trading tools are no longer fit for the modern economy, and the city is now focused […]
February 20, 2020
Among the more famous aphorisms of Benjamin Franklin was his 1748 observation that “time is money” — a fancy way of saying that making money requires the input of time,...
October 11, 2018
Well beyond bitcoin, blockchain is making inroads into the mainstream and cryptos are seeing a thaw when it comes to conducting commerce. In Dubai, blockchain payments provider has a green...
April 13, 2017
Dubai is one of the fastest-growing regions in the world and has big ambitions to become a global tech hub. The young country is working to address the inefficiencies that...
March 11, 2024
Web3 payments platform Zeebu said it exceeded $1 billion in first quarter transaction volume. “In just seven months following the debut of its on-chain settlement platform, Zeebu swiftly advanced from settling nearly 5,000 invoices totaling over $500 million to surpassing the $1 billion threshold, marking a new era of scalability and efficiency for the platform,” the company […]
November 16, 2023
The head of Dubai’s cryptocurrency authority is reportedly resigning after 11 months on the job. Henson Orser, who became CEO of the Virtual Assets Regulatory Authority (VARA) in January, is stepping down...
November 01, 2023
Tabby, a buy now, pay later (BNPL) platform based in Riyadh, has raised $200 million in its Series D funding round, achieving a valuation of $1.5 billion. This has made...
July 07, 2023
Dubai’s Department of Economy and Tourism (DET) has announced a partnership with Mastercard to accelerate the emirate’s growth in line with the goals of the Dubai Economic Agenda, D33. Through...
