MENA Fintech Association

Mastercard, IFZA and Global Tax Assistant Launch AI-Powered SME Registration Pilot in UAE

Mastercard has partnered with IFZA, a UAE free zone, and international consulting firm Global Tax Assistant to introduce a fully digital, AI-driven business registration process in the country. The initiative aims to support the growth of SMEs and facilitate their expansion into Eastern Europe, the Middle East and Africa (EEMEA). SMEs account for over 94% […]

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Shory and Wio Bank Partner to Embed Car Insurance in Wio App

Shory, a digital insurance platform in the UAE, has entered into a strategic partnership with Wio Bank to offer users a more streamlined way to obtain car insurance directly through the Wio Personal app. The integration enables Wio users to purchase car insurance within the app in a few simple steps. Customers will also be […]

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Tarabut Secures UAE Central Bank Approval for Open Finance Operations

Tarabut, a Dubai-based open banking and embedded finance platform, has received in-principle approval from the Central Bank of the United Arab Emirates (CBUAE), following the introduction of the UAE’s Open Finance regulation. This development marks Tarabut’s third national regulatory license after Bahrain and Saudi Arabia and positions the company among the early movers in the […]

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ADIB Partners with Visa to Introduce Real-Time Cross-Border Transfer Service

Abu Dhabi Islamic Bank (ADIB) has launched a new real-time cross-border money transfer service called Remit! in partnership with Visa. The service, powered by Visa Direct, enables ADIB customers to send funds to over 11 billion cards, digital wallets, and bank accounts globally. According to both firms, ADIB is the first bank worldwide to offer […]

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Abu Dhabi Finance Week 2025 to Return with Expanded Fourth Edition in December

Under the patronage of His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Executive Council, Abu Dhabi Finance Week (ADFW) will return for its fourth edition from 8 to 11 December 2025. Organised by the ADGM, the international financial centre of Abu Dhabi, and headlined […]

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CBUAE Publishes Report on Digital Dirham Ahead of Official Launch

In preparation for the launch of the UAE’s national digital currency and in support of the country’s broader digital transformation efforts, the Central Bank of the UAE (CBUAE) has released a detailed report on the Digital Dirham project. The publication provides a comprehensive overview of the progress made to date, alongside ongoing research and development […]

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Gomti Exchange License Revoked by CBUAE Over Compliance Breaches

The Central Bank of the UAE (CBUAE) has revoked the license of Gomti Exchange, an exchange house operating in the UAE, and removed its name from the Register, in accordance with Article (137) of Decretal Federal Law No. (14) of 2018 regarding the Central Bank and Organisation of Financial Institutions and Activities, and its amendments. […]

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CBUAE Revokes License of Al Nahdi Exchange Over Compliance Failures

The Central Bank of the UAE (CBUAE) has revoked the license of Al Nahdi Exchange and removed its name from the Register, in accordance with Article (137) of Decretal Federal Law No. (14) of 2018 Regarding the Central Bank and Organisation of Financial Institutions and Activities, and its amendments. The decision follows examinations conducted by […]

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FSRA Updates Cyber Risk Management Rules for ADGM Financial Firms

The Financial Services Regulatory Authority (FSRA) of ADGM has announced the implementation of amendments to its regulatory framework concerning cyber risk management for Authorised Persons and Recognised Bodies. The updated requirements will take effect from 31 January 2026. The changes follow a consultation period and industry engagement stemming from Consultation Paper No. 3 of 2025. […]

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UAE Banks to Raise Foreign Transaction Fees to 3.14% in September

Travellers using UAE-issued credit and debit cards overseas will soon face higher costs, as banks across the country prepare to increase the foreign transaction fee to 3.14% starting 22 September 2025. The revised fee will apply to all international purchases and ATM withdrawals. As reported by Time Out Dubai, the new total fee includes a […]

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