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Fintechnews Middle East

Bahrain Banks Pilot Instant Payments on Google Cloud Universal Ledger

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In a collaboration facilitated by Bahrain Fintech Bay, the National Bank of Bahrain (NBB), Bahrain Islamic Bank (BisB), Bank of Bahrain and Kuwait (BBK), and Benefit successfully executed instant payments using digital commercial bank money between clients on Google Cloud Universal Ledger (GCUL). Supported by the Bahrain Economic Development Board, the pilot marks a significant […]

The post Bahrain Banks Pilot Instant Payments on Google Cloud Universal Ledger appeared first on Fintechnews Middle East.

Ripple and Bahrain Fintech Bay Partner to Develop Digital Asset Ecosystem

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Ripple has announced a strategic partnership with Bahrain Fintech Bay (BFB), the Kingdom’s fintech incubator and ecosystem builder. The collaboration aims to advance the development and adoption of blockchain and digital asset technologies in Bahrain. Under the agreement, Ripple and BFB will support the country’s digital asset ecosystem through initiatives such as developing proofs of […]

The post Ripple and Bahrain Fintech Bay Partner to Develop Digital Asset Ecosystem appeared first on Fintechnews Middle East.

Revolut Co-founder Nik Storonsky Relocates to UAE After UK Tax Rule Change

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Nik Storonsky, co-founder of the digital banking app Revolut, has become the latest billionaire to relocate from the UK following the government’s decision to scrap a long-standing tax break earlier this year. According to Forbes, Storonsky now lists the UAE as his place of residence in a UK corporate filing for his family office, released […]

The post Revolut Co-founder Nik Storonsky Relocates to UAE After UK Tax Rule Change appeared first on Fintechnews Middle East.

Wio Bank Surpasses AED 50 Billion in Customer Deposits

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Wio Bank PJSC has surpassed AED 50 billion in total customer deposits in less than three years since its launch. The bank’s total customer base has grown by 72% year-on-year, driven by a 93% increase in Wio Personal customers and a 42% rise in Wio Business customers. Over the same period, customer deposits have almost […]

The post Wio Bank Surpasses AED 50 Billion in Customer Deposits appeared first on Fintechnews Middle East.

UK Fintech Verto Launches in UAE to Boost Cross-Border Payments

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London-based fintech firm Verto has officially launched its operations in the UAE, marking a significant step in strengthening cross-border payment capabilities between the UAE and emerging market currency corridors, particularly in Africa. Processing over US$25 billion annually for clients such as Unilever and Maersk, the company’s platform aims to provide a faster, more secure, and […]

The post UK Fintech Verto Launches in UAE to Boost Cross-Border Payments appeared first on Fintechnews Middle East.

Huru Launches to Expand Financial Access for UAE’s Unbanked

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Huru, a UAE-based fintech company licensed by the Central Bank of the UAE (CBUAE), has entered the market with the aim of serving the country’s unbanked and underbanked communities through a comprehensive financial management app. The company seeks to address long-standing gaps in access to essential financial services and promote financial inclusion. The platform integrates […]

The post Huru Launches to Expand Financial Access for UAE’s Unbanked appeared first on Fintechnews Middle East.

Thunes and Banque Saudi Fransi Partner to Speed Up Cross-Border Transfers

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Thunes, a cross-border payments network, has signed a MoU with Banque Saudi Fransi (BSF) at SIBOS 2025 to establish a strategic partnership. The collaboration will enable BSF customers and businesses to make international money transfers with real-time processing and improved accessibility. Through the alliance, BSF account holders will be able to send funds to accounts […]

The post Thunes and Banque Saudi Fransi Partner to Speed Up Cross-Border Transfers appeared first on Fintechnews Middle East.

QNB Secures Saudi Central Bank License for Digital-First Bank ezbank

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QNB Group has received license approval from the Saudi Central Bank (SAMA) to establish a digital-first banking entity, ezbank, in partnership with Ajlan & Bros. Holding. The new entity will have a capital of SAR 2.5 billion. Through ezbank, QNB aims to introduce a customer-focused banking model built on innovation, efficiency, and accessibility. The initiative […]

The post QNB Secures Saudi Central Bank License for Digital-First Bank ezbank appeared first on Fintechnews Middle East.

UAE and Türkiye Central Banks Agree on Currency Swap and Payment Cooperation

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The Central Bank of the UAE (CBUAE) and the Central Bank of the Republic of Türkiye (CBRT) have signed a bilateral currency swap agreement between the UAE dirham (AED) and the Turkish lira (TRY), alongside two MoUs. The swap agreement, valued at AED 18 billion and TRY 198 billion, is intended to support bilateral trade […]

The post UAE and Türkiye Central Banks Agree on Currency Swap and Payment Cooperation appeared first on Fintechnews Middle East.

Emirates Islamic, Amazon UAE and Mastercard Launch First Amazon Credit Card in MENA

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Emirates Islamic has partnered with Amazon UAE and Mastercard to launch the first Amazon-branded credit card in the Middle East and North Africa. The card, which will be available exclusively in the UAE, is designed to provide lifestyle-related benefits and flexible payment options in line with the country’s growing digital retail sector. The Amazon Emirates […]

The post Emirates Islamic, Amazon UAE and Mastercard Launch First Amazon Credit Card in MENA appeared first on Fintechnews Middle East.

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