MENA Fintech Association

Nium and Emirates NBD Expand Real-Time Payments in UAE, Plan Saudi Launch

Global payments firm Nium and Emirates NBD are stepping up their cross-border payments push in the MENAT region, widening access to real-time transfers in the UAE and preparing for a launch in Saudi Arabia. The partnership, first announced in 2024, has now been extended to Emirates Islamic Bank, broadening access to real-time payouts across the […]

The post Nium and Emirates NBD Expand Real-Time Payments in UAE, Plan Saudi Launch appeared first on Fintechnews Middle East.

Airwallex Builds Middle East Presence With UAE Approval, New Saudi Entity

Global financial platform Airwallex is fast-tracking its expansion in the Middle East, securing key licences, setting up new operations and striking regional partnerships. In the United Arab Emirates, the company has received in-principle approval from the Central Bank of the UAE for Stored Value Facilities and Retail Payment Services (Category II) licences. This includes approval […]

The post Airwallex Builds Middle East Presence With UAE Approval, New Saudi Entity appeared first on Fintechnews Middle East.

UAE Launches National Campaign to Boost Entrepreneurship

Sheikh Mohammed bin Rashid, Vice President, Prime Minister, and Ruler of Dubai, has launched “The Emirates: The Startup Capital of the World”, a national campaign to strengthen the UAE’s position as a global centre for entrepreneurship and innovation. The initiative is overseen by the Ministry of Economy and Tourism, in cooperation with the UAE Government […]

The post UAE Launches National Campaign to Boost Entrepreneurship appeared first on Fintechnews Middle East.

Saudi CMA Issues 68 Fintech Permits as Regulatory Framework Expands

The Capital Market Authority (CMA) of Saudi Arabia has continued to strengthen the regulatory framework for fintech development, confirming that 68 experimental permits had been issued by the end of the second quarter of 2025. Of these, 50 companies are registered under the CMA’s Fintech Lab, with 36 currently in operation. The Fintech Lab was […]

The post Saudi CMA Issues 68 Fintech Permits as Regulatory Framework Expands appeared first on Fintechnews Middle East.

Saudi Fintech Sector Surpasses Growth Targets; Ecosystem Rises 21% and Workforce Expands 64%

Saudi Arabia’s fintech sector is maintaining its growth momentum, marked by an expanding startup ecosystem, a rising talent pool, and continued strong capital inflows, according to Fintech Saudi’s annual fintech report. Released last week and produced with the support of the Saudi Central Bank (SAMA), the Capital Market Authority (CMA), and the Insurance Authority (IA), […]

The post Saudi Fintech Sector Surpasses Growth Targets; Ecosystem Rises 21% and Workforce Expands 64% appeared first on Fintechnews Middle East.

Habib Al Mulla and Partners, Emirates NBD Partner to Support Emirati Entrepreneurs

Habib Al Mulla and Partners, a law firm based in the UAE, has signed a MoU with Emirates NBD. The agreement forms part of Project 54, an initiative led by the firm to support Emirati entrepreneurs. Dr Habib Al Mulla, Founder of Habib Al Mulla and Partners, said: “As part of our mission to empower […]

The post Habib Al Mulla and Partners, Emirates NBD Partner to Support Emirati Entrepreneurs appeared first on Fintechnews Middle East.

Presight and Shorooq Launch $100M Global AI Innovation Fund

Presight, a global AI and big data analytics company, and Shorooq, an Abu Dhabi-headquartered investment firm regulated by the FSRA as a Fund Manager, have announced the launch of a global AI innovation fund, Presight-Shorooq Fund I, which aims to invest US$100 million in emerging AI technologies. The fund has been established through collaboration between […]

The post Presight and Shorooq Launch $100M Global AI Innovation Fund appeared first on Fintechnews Middle East.

TerraPay, D360 Bank Partner to Enable Inbound Money Transfers into Saudi

TerraPay, a global money movement company, has announced a strategic partnership with D360 Bank, a Saudi Sharia-compliant digital bank, to facilitate inbound money transfers into the Kingdom of Saudi Arabia. The partnership allows Saudi Arabia to support inbound flows across multiple use cases, including person-to-person, consumer-to-business, business-to-consumer, and business-to-business transactions. Payouts can be made to […]

The post TerraPay, D360 Bank Partner to Enable Inbound Money Transfers into Saudi appeared first on Fintechnews Middle East.

erad Raises $33M to Expand GCC Operations

erad, a Riyadh-headquartered alternative financing platform for SMEs, has raised US$33 million in debt financing to support its operations in Saudi Arabia and the wider GCC. The company previous raised US$16 million to support its growth and expansion within Saudi Arabia and other regions. The round was led by Stride Ventures, which recently expanded its […]

The post erad Raises $33M to Expand GCC Operations appeared first on Fintechnews Middle East.

Saudi National Bank to Launch POS Lending Solution for SMEs

Saudi National Bank (SNB) has announced plans to launch a Point-of-Sale (POS) lending solution for SMEs. The solution will be powered by Tarabut, a regulated financial technology platform in the MENA region, and delivered through Geidea, a payment solutions provider in Saudi Arabia. The initiative is subject to all required approvals from the Saudi Central […]

The post Saudi National Bank to Launch POS Lending Solution for SMEs appeared first on Fintechnews Middle East.