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Saudia Arabia

Paymentology Registers in Riyadh to Strengthen Local Presence

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Paymentology, a London-based issuer processor, has formally registered its operations in Riyadh to strengthen its local presence in Saudi Arabia. The move aims to support the Kingdom’s growing fintech sector by providing card issuing and payment processing infrastructure to banks and fintech companies. The company, which has been active in Saudi Arabia since 2020, is […]

The post Paymentology Registers in Riyadh to Strengthen Local Presence appeared first on Fintechnews Middle East.

Thunes and barq Roll Out Expanded Remittance Services in Saudi Arabia

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Thunes, a global payments network, and barq, a growing digital wallet in Saudi Arabia, have announced the launch of barq’s expanded remittance services for consumers across the Kingdom. Through Thunes’ international network, barq users can now transfer money across borders, with funds delivered in real time to mobile wallets and bank accounts worldwide. The service […]

The post Thunes and barq Roll Out Expanded Remittance Services in Saudi Arabia appeared first on Fintechnews Middle East.

HPE Launches Local AI-native Networking Cloud in Saudi Arabia

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Hewlett Packard Enterprise (HPE) has announced the availability of a local cloud instance in the Kingdom of Saudi Arabia for its HPE Juniper Networking Mist AI-native networking platform. The development brings the HPE Juniper Networking Marvis AI engine, the industry’s first Gen AI virtual assistant, closer to organisations in the Kingdom. HPE’s networking solutions have […]

The post HPE Launches Local AI-native Networking Cloud in Saudi Arabia appeared first on Fintechnews Middle East.

Saudi Arabia to Introduce Cross-Border QR Payments with Alipay+

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The Saudi Central Bank (SAMA) and Ant International, a global digital payments and financial technology provider, plan to introduce cross-border QR code payments in 2026. The system will link Saudi Arabia’s national payment scheme, mada, with Ant International’s global wallet gateway, Alipay+, aiming to support digitalisation and provide local merchants with broader payment access. Douglas […]

The post Saudi Arabia to Introduce Cross-Border QR Payments with Alipay+ appeared first on Fintechnews Middle East.

Visa Debuts First Local Cloud-hosted Acceptance Platform in Saudi

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Visa has announced that the Visa Acceptance Platform is now hosted on local cloud infrastructure in Saudi Arabia, marking the first implementation of its kind by Visa. The move is in line with the Saudi Central Bank (SAMA) mandate. The development means that businesses in Saudi Arabia will be able to accept payments more quickly […]

The post Visa Debuts First Local Cloud-hosted Acceptance Platform in Saudi appeared first on Fintechnews Middle East.

Dyna.Ai Expands in Saudi Arabia with New AI Solutions

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Dyna.Ai, a global AI services company, has announced plans to expand its presence in the Kingdom of Saudi Arabia (KSA). The announcement follows the opening of its Riyadh office and will see the company strengthen its partnerships with financial institutions in the country to advance the adoption of AI solutions. At Money20/20 Middle East in […]

The post Dyna.Ai Expands in Saudi Arabia with New AI Solutions appeared first on Fintechnews Middle East.

Money20/20 Middle East Opens in Riyadh with Record Fintech Participation

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Money20/20 Middle East officially opened today at the Riyadh Exhibition and Convention Centre in Malham, marking a milestone for the financial technology sector in the region. The event brings together more than 450 fintech companies and over 1,050 global investors, making it the largest gathering of its kind held in the Middle East. The conference […]

The post Money20/20 Middle East Opens in Riyadh with Record Fintech Participation appeared first on Fintechnews Middle East.

Google Pay and Google Wallet Launched in Saudi Arabia

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Google announced the official launch of Google Pay and Google Wallet in Saudi Arabia, providing Android users with a secure and convenient way to make digital payments and store essential digital items. The service, supported by the Kingdom’s national payment system (mada), will be rolled out to all users over the coming weeks. At launch, […]

The post Google Pay and Google Wallet Launched in Saudi Arabia appeared first on Fintechnews Middle East.

Tamara Secures US$2.4 Billion Asset-Backed Facility

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Tamara, Saudi Arabia’s first homegrown fintech unicorn, has secured an asset-backed facility of up to US$2.4 billion, the largest of its kind in the region, from a group of major financial institutions including Goldman Sachs, Citi, and Apollo funds. The deal fully refinances and expands on a previous US$500 million facility arranged by Goldman Sachs. […]

The post Tamara Secures US$2.4 Billion Asset-Backed Facility appeared first on Fintechnews Middle East.

HALA Raises $157M Series B, Boosting Services for Saudi SMEs

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HALA, a Saudi Arabian fintech and provider of embedded financial services for MSMEs, has raised US$157 million in a Series B funding round, one of the largest Series B rounds in the Middle East fintech sector. The round was led by The Rise Fund, TPG’s multi-sector global impact investing strategy, and Sanabil Investments, a wholly […]

The post HALA Raises $157M Series B, Boosting Services for Saudi SMEs appeared first on Fintechnews Middle East.

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