Qatar Central Bank (QCB) has announced that the payment services through the national e-Commerce Gateway (QPay) is now available through using (FAWRAN) instant payment service. The service allows merchants to register with the service to help them accept payment transactions for the purchases customers make by using this service. Provision of multiple options for customers…
Qatar Financial Centre (QFC), a leading onshore financial and business hub in the region, has been recognized with three notable awards, highlighting its dedication to fostering innovation in financial services and impactful corporate social responsibility (CSR) initiatives. Among the accolades is the esteemed Emerging Technology Initiative Award, presented at the 8th Middle East Enterprise AI…
National Bank of Fujairah (NBF), a full-service corporate bank based in the UAE, has extended its partnership with Intellect Global Transaction Banking (iGTB) to digitize its wholesale business. The $15.1 billion asset bank first signed for the vendor’s open finance platform eMACH.ai in August, a move credited at the time as the first deployment of…
India is one of the largest global consumer markets, with shoppers going more digital every single day. The government’s goal of becoming a $1 trillion digital economy is being fueled by robust public infrastructure and a growing digital-first user base. India currently leads the world in digital payments with more than 40% of payments made…
Africa-based fintech startup, Yellow Card, has secured USD 33 million in venture capital funding from Blockchain Capital and other investors. This funding highlights the role of cryptocurrencies in transforming finance in emerging markets and facilitating capital movement in regions with underdeveloped banking systems. Despite its growth, Yellow Card faces challenges as four North African countries…
Riyadh-headquartered fintech Mala has raised $7 million in a pre-seed round led by VentureSouq, it announced in a statement on Saturday. The round was also joined by Beco Capital, M Capital, Access Bridge Ventures, Palm Ventures, Shorooq Partners, Waad Investment, and D Global Ventures. Mala was founded earlier this year by Musaab Hakami, one of…
UAE-based fintech, Abhi has secured $15 million in debt financing, led by regional tech investor Shorooq Partners and Amplify Growth Partnership. Abhi stated the funding will allow the company to scale its operations and expand its earned wage access (EWA) solutions to serve the blue- and white-collar working populations in the UAE. EWA is mostly…
Fintech has transformed the banking sector, offering innovative solutions for managing finances. However, a series of high-profile incidents have raised concerns about the safety and reliability of these digital platforms. As consumers, it’s crucial to understand the risks and take steps to safeguard our wealth in this evolving industry. Even established fintech companies are not…
Bank of America has merged its FinTech and technology investment banking teams. The 50 bankers in its FinTech team will join the 200 in its tech group, reflecting the growing similarities between the two industries, Bloomberg reported. “FinTech payments and software are bound to intersect,” said Kevin Brunner, chairman of global M&A and global head…
QNB has announced its certification of Noqoody Payment Services’ cutting-edge Point-of-Sale (POS) solutions. This strategic partnership underscores QNB’s commitment to advancing digital innovation and enhancing the payment ecosystem in Qatar. Noqoody’s advanced POS technology, now certified by QNB, represents a major advancement in transaction solutions, designed to meet the evolving needs of businesses across the…
