MENA Fintech Association

Wio Bank Launches Direct Integration with Xero for UAE Businesses

Wio Bank, the UAE’s digital bank, has introduced a direct integration with Xero, the global small business platform. The integration will allow Wio Business customers to manage accounting processes more efficiently through automated bank feeds, reconciliation, and real-time financial insights. The collaboration is aimed at SMEs and accounting professionals, helping to reduce manual data entry, […]

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Worldpay and Mastercard Launch Push-to-Card Payouts in the UAE

Worldpay and Mastercard have announced a collaboration to enhance money movement for consumers and businesses in the UAE through Mastercard Move. The partnership will see Worldpay’s Push-to-Card solution support faster domestic and cross-border payouts to cards, covering use cases such as gig economy payments, insurance claims, remittances, and withdrawals of crypto proceeds. These transactions are […]

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Zand Partners with Mastercard to Enhance Cross Border Payments in UAE

Zand, a Dubai-based AI powered fintech and financial services group, has signed an agreement with Mastercard to work together on improving cross border payment solutions. Using Mastercard Move’s money movement services, the collaboration aims to provide secure and efficient international transfers for Zand customers. In the first stage, Zand will offer payment services such as […]

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UAE Proptech Market Set to Triple by 2030 Amid Digital Transformation

The rapid growth of the proptech market holds significant importance for the UAE as it continues to position itself as a global hub for innovation, real estate, and smart urban living. By integrating advanced technologies such as AI, blockchain, the Internet of Things (IoT), as well as virtual reality (VR) and augmented reality (AR), the […]

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Ant International Advances UAE Expansion with ADIO Agreement and Central Bank Approval

Ant International, a global provider of digital payment, digitisation, and financial technology services, has announced two developments that mark a step forward in its expansion in the UAE. The company has signed a MoU with the Abu Dhabi Investment Office (ADIO) and received In-Principle Approval (IPA) for the Stored Value Facilities (SVF) and Retail Payment […]

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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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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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