MENA Fintech Association

Ripple Secures UAE Partnerships with Zand Bank and Mamo for Blockchain Payments

Ripple has announced two new partnerships in the UAE for its Ripple Payments service. The cross-border payments platform, which uses blockchain technology and a network of global payout partners, will now be used by Zand Bank and Mamo. The development follows Ripple’s recent approval by the Dubai Financial Services Authority (DFSA), making it the first […]

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Emirates Development Bank Launches AED 1 Billion Fund to Support UAE SMEs

Emirates Development Bank has launched the Emirates Growth Fund (EGF), a AED 1 billion growth equity platform aimed at supporting the expansion and competitiveness of SMEs based in the UAE. The fund was introduced during the fourth edition of the Make it in the Emirates Forum. It is designed to provide long-term capital and strategic […]

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Checkout.com and du Pay Partner to Boost Financial Inclusion in the UAE

Checkout.com has entered into a partnership with du Pay, one of the UAE’s rapidly growing fintech platforms focused on expanding financial inclusion and accessibility across the country. Through this collaboration, du Pay will utilise Checkout.com’s payments infrastructure to improve the performance of its core offerings, including wallet top-ups. By adopting Checkout.com’s unified platform, du Pay […]

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Deloitte and Google Cloud Strengthen Cybersecurity Focus in Middle East

Deloitte Middle East and Google Cloud have announced an expansion of their regional partnership. Under the new agreement, Deloitte will resell and provide services related to Google Cloud solutions, with a focus on digital transformation and cybersecurity enhancement in the UAE and the wider Middle East. Tariq Ajmal, Cyber Leader at Deloitte Middle East, said: […]

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Wio Bank Names Mansour AlMulla as Chairman, Adds Four to Board

Wio Bank PJSC, UAE’s digital-first bank, has announced the appointment of Mansour AlMulla as Chairman of the Board, along with the addition of four new board members. The appointments are intended to support the bank’s continued growth and contribution to the country’s digital economy. AlMulla is the Deputy Group CEO of ADQ, a sovereign investment […]

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Abu Dhabi and Hong Kong Partner to Boost Cross-Border Fund Supervision

The Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) and the Securities and Futures Commission (SFC) of Hong Kong have entered into a MoU to strengthen regulatory cooperation in the supervision of investment managers of collective investment schemes based in either jurisdiction. The agreement was signed on the sidelines of the […]

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Saudi Arabia Launches HUMAIN to Lead AI Development

Saudi Arabia has launched HUMAIN, a new company owned by the Public Investment Fund (PIF), which will operate and invest across the AI value chain as a unified operating company. HUMAIN will provide a broad range of AI services, products, and tools, including next-generation data centres, AI infrastructure and cloud capabilities, and advanced AI models […]

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Dubai’s BitOasis Expands to Bahrain Under Central Bank License

BitOasis, a virtual assets trading platform based in Dubai, has officially launched its operations in Bahrain. BitOasis Bahrain will operate under a Crypto-Asset Services License issued by the Central Bank of Bahrain. The platform offers trading services for retail, corporate, and institutional clients, featuring a user-friendly interface for beginners alongside advanced tools for experienced traders. […]

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Banque Saudi Fransi Launches Next-Gen Digital Banking Platform with Backbase

Backbase, a global provider of AI-driven banking technology, has announced the launch of Banque Saudi Fransi’s (BSF) new digital banking platform. The platform, now available via BSF’s mobile and online channels, marks a significant stage in the bank’s ongoing digital transformation efforts. The updated ecosystem supports BSF’s objective of advancing its digital banking capabilities, introducing […]

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